As the earnings season continues, Fidelity Bank Plc, earlier today, joined the list of companies that are disclosing their financial reports for the past three quarters of 2019. The company’s condensed unaudited financial statements for the nine months period have shown that the company performed positively for the most part of the year. See the breakdown below.
Gross Earnings: The company’s gross earnings for the period is N161 billion which is indicative of a 15.9% growth compared to N139 billion during the comparable period last year.
Net Interest Income: This merely increased by 0.13% to N58.2 billion, up from N58.1 billion as at September 2018.
Profit before income tax for the period is N23 billion compared to N20 billion for the first three quarters of 2018. There was a 14.7% increase.
In the same vein, profit for the period increased by 20.2% to N21.5 billion compared to N17.9 billion profit earned by the company in the first nine months of last year.
Earnings per share (basic and diluted) attributable to shareholders was put at N0.74 compared to N0.62 last year.
As always, you may download the full report here.