Fidelity Bank Plc today released its financial statements for the year ended December 2017.
Here are the key highlights of the results;
Revenue
Fidelity recorded Gross earnings of N180 billion for the year ended December 2017 compared to N152 billion reported for the year ended December 2016. This represents a 18% increase year on year.
Profit Before Tax
Profit before tax for the company was N20.3 billion for the year ended December 2017, a 83% increase from the ₦11.1 billion reported for the period ended December 2017.
Profit After tax
The Group’s profit after tax for the year ended December 2017 was N18.86 billion compared to N9.73 billion recorded a year earlier. This represents a 94% increase year on year.
Earnings Per Share
Fidelity Plc also reported earnings per share of 65 kobo for the year compared to 35 kobo reported as at the year ended December 2016. This represents a 86% increase year on year.
Dividends
The Group recommended 11 kobo dividend per share for the year ended December 2017.
Current share Price
Fidelity Bank Plc today closed at N2.55, up 1.19%.
DOWNLOAD FIDELITY BANK PLC FY 2017 RESULTS
