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FCMB Group Plc. on Tuesday released its full-year 2019 results after today’s trading hours. Here are the highlights of the results:
Gross Earnings
Gross Earnings was N181billion from N177 billion recorded in 2018. This amounts to a 2.3% increase year on year.
Profit before tax
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Profit before tax jumped to N20 billion in 2019. This amounts to a 9.2% increase year on year.
(READ MORE: COVID-19: FCMB reschedule operations)
Profit after tax
Profit after tax also increased to N17 billion in 2019. This amounts to a 15.8% increase year on year.
Net Assets
Net Assets increased to N201 billion in 2019 from N183 billion in 2018. This amounts to a 9.4% increase year on year.
First City Monument Bank is a large financial services provider in Nigeria, offering retail banking, corporate banking, and investment banking services to large corporations, small and medium enterprises, as well as individuals
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