Home Business News FBN Holdings profit after tax jumps by 34% in FY 2018

FBN Holdings profit after tax jumps by 34% in FY 2018

-

Tier one lender FBN Holdings has released its full year 2018 results. Here are highlights of the results.

Gross Earnings

Gross earnings dipped slightly from N595 billion in 2017 to N583 billion in 2018. This marks a 2% decline year on year.

Profit before tax

Profit before tax, however, rose from N54.5 billion in 2017 to N65.2 billion in 2018. This amounts to a 19.6% increase year on year.

Profit after tax

Profit after tax (from continuing operations) rose from N45.4 billion in 2017 to N59.7 billion in 2018. This marks a 31.4% increase year on year.

Earnings per share

Earnings per share rose from N1.15 in 2017 to N1.65 in 2018. This amounts to a 43.4% increase year on year.

FBN HOLDINGS FY 2018 RESULTS

12 COMMENTS

  1. FBHN SHOULD DO BETTER ON IMPROVING ON DIVIDEND PAYOUT THAT IS SO SLOW AND DRAGGING!!!E.G.10K,15K,20K,25K,ETC AS COMPARED TO BETTER BANKS THAT ARE PAYING 2.75K, 2 .45 K 65 K ETC TO THE ESTEEM SHAREHOLDERS E.G.ZENITH,UBA,TANBIC BANKS.WHAT A SHAME!YOU DISAPPOINT YOUR SHAREHOLDERS BY THEIR INVESTMENTS WITH BAD DIVIDEND OVER YRS THAT YOU RETURNED TO THEM!!!

  2. FBHN STOP RIDICULOUS PAYMENTS OF VERY POOR DIVIDEND!!!KOBO,NOT NAIRA!!!,DESPITE HUGE COMMITMENTS BY YOUR ESTEEMED INVESTORS AND SHAREHOLDERS!!!

  3. FBHN STOP RIDICULOUS PAYMENTS OF VERY POOR DIVIDEND!!!KOBO,NOT NAIRA!!!,DESPITE HUGE COMMITMENTS BY YOUR ESTEEMED INVESTORS AND SHAREHOLDERS!!!

  4. FBHN has a strategic objective to write off it’s impaired assets which is around 358b as at 2018 year end, this write off began some 3years ago when the toxic asset stood at abt 500b. Looking into it’s 2018 report, FBN wrote off abt 83b as impaired losses. Ploughing back this, it implies the that bank made abt 142.7b as PAT in real terms. Most of the banks reporting tripple digits PAT have little or zero impaired Losses write off on their income statement for the year. This move by FBHN is centered on the quality of assets carried by the bank which will in the long run improve the value of shareholders wealth in the capital market. In the end, MPS will improve n DPS will become competitive. I implore shareholders to hold on. He that laughs last laughs best.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Popular

Ellah Lakes Plc - nairametrics

Corporate Deal: Ellah Lakes Plc confirms acquisition of Telluria Limited

Port Harcourt-based Agribusiness company, Ellah Lakes Plc, yesterday informed the Nigerian Stock Exchange and the investing public of its recent acquisition of Telluria Limited.
Summer Transfer Window

Here’re the top ten football signings so far, across Europe

The Summer transfer window has barely been opened and huge signings have already been made across the European continent. Real Madrid and Barcelona have so far been dominant in this regard.

Sam Amadi vs Eyo Ekpo twitter tirade explained

The controversy pertaining to the sudden reduction in electricity tariffs few months to the 2015 elections, was resurrected recently when Eyo Ekpo, then a...