Diamond Bank Plc has released its financial statements for the year ended 31 December 2017.
Here are the key highlights of the results.
Revenue
Gross earnings increased from ₦184.1 billion in 2016 to ₦189.6 billion in 2017. This represents a 3% increase year-on-year.
Loss Before Tax
Loss Before Tax for the bank during the year ended December 2017 is ₦11.5 billion as against a profit before tax of ₦3.36 billion in full-year 2016.
Loss After Tax
The bank made a loss after tax of ₦9.01 billion during the year ended December 2017 as against a profit after tax of ₦3.49 billion in full-year 2016.
Loss Per Share
Diamond Bank reported a Loss per share of 56kobo in 2017 compared to earnings per share of 9 kobo in 2016.
Current share price
Diamond Bank closed at ₦1.90 down 5% at the close of trading today on the floor of the Nigerian Stock Exchange.
