FCMB zero-interest loan, FCMB - nairametrics

FCMB Group Plc yesterday released its full-year 2018 results after trading hours. Here are highlights of the results.

Gross Earnings

Gross Earnings increased from N169 billion in 2017 to N177 billion in 2018. This amounts to a 4.5% increase year on year.

Profit before tax

Profit before tax jumped from N10.6 billion in 2017 to N18.4 billion in 2018. This amounts to a 73.5% increase year on year.

Profit after tax

Profit after tax also increased from N8.6 billion in 2017 to N14.4 billion in 2018. This amounts to a 67.4% increase year on year.

Earnings per share

Earnings per share jumped from N0.43 in 2017 to N0.75 in 2018. This amounts to a 74.4% increase year on year.

FCMB GROUP PLC FY 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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