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.