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FBN Holdings has released its results for the half year ending June 2018. Here are highlights of the results.

Interest Income

Interest income dipped slightly from N232 billion in 2017 to N225 billion in 2018. This represents a 3% drop in comparison with the corresponding period in 2017.

Profit Before Tax

Profit before tax, however, increased from N35.6 billion in 2017 to N38.8 billion in 2018. This represents an 8.9% increase year on year.

Profit After Tax

Profit after tax (from continuing operations) also increased from N29.4 billion in 2017 to N33.5 billion in 2018. This represents a 13.9% increase compared to the corresponding period in 2017.

Earnings Per Share

Earnings per share increased from N0.79 in 2017 to N0.91 in 2018. This is a 15.1% increase over the comparative period in 2017.

Current Share Price

FBN Holdings closed at N10 in today’s trading session on the Nigerian Stock Exchange, up N0.35 or 3.63%

DOWNLOAD FBN HOLDINGS H1 2018 RESULTS

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

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