FBN Holdings Plc has released its full-year 2019 unaudited financial report which showed slight improvements across major indicators.
The company’s interest income grew by 1.4% to N440.6 billion during the twelve-month period, up from N434.4 billion during the comparable period in 2018. Net interest income for the period also increased to N286.4 billion, up from N284.1 billion in FY 2018.
FBN’s profit before tax in FY 2019 stood at N73.6 billion. This marked a 12.8% increase compared to N65.3 billion in FY 2018.
In the same vein, the group’s FY 2019 profit after tax increased by 3.8% to N61.9 billion, N56.7 billion during the preceding financial year.
FBN Holdings Plc’s stock is currently trading at N6.00 on the Nigerian Stock Exchange.
Download the full report here.