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Home Business News

Diamond bank reports falling returns again in Q3 2018 result

Ibukun Samuel by Ibukun Samuel
October 26, 2018
in Business News, Company News, Company Results, Markets
Diamond bank

A Diamond Bank branch

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Diamond Bank Plc has released its financial result for the quarter ended 30 September 2018

Here are the key highlights of the results:

Revenue

Gross earnings for the group dropped from ₦143 billion in 2017 to ₦142 billion in 2018. This represents a 0.77% drop year on year.

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Profit Before Tax

Profit Before Tax also fell from ₦4.7 billion in 2017 to ₦3.08 billion in 2018. This represents a 35.4% reduction year on year.

Profit After Tax

Profit After Tax also dipped from ₦3.9 billion in 2017 to ₦1.6 billion in 2018. This represents a 57.6% shrink year on year.

Earnings Per Share

The Earnings Per Share also dropped sharply from ₦17 in 2017 to ₦7 in 2018. This represents a 58.8% increase year on year.

Current Share Price

Diamond Bank Plc closed at ₦1.44 in today’s trading session on the floor of the Nigerian Stock Exchange.

DOWNLOAD DIAMOND BANK Q3 2018 RESULTS 


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Ibukun Samuel

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