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Home Business News

FBN Holdings Plc’s gross earnings surge to N627 billion in FY 2019

Olumide Adesina by Olumide Adesina
April 7, 2020
in Business News, Company News, Company Results, Markets
FBN holdings plc, First Bank
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FBN Holdings Plc has released its full-year 2019 audited financial report. See the key highlights below:

Gross Earnings: The group’s gross earnings grew to N627 billion during the twelve-month period, up from N587.4 billion during the comparable period in 2018.

READ MORE: FCMB profit up 9.2% surges to N20 billion

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Profit Before Tax: FBN’s profit before tax in the financial year 2019 stood at N83.6 billion compared to N63.9 billion in the financial year of 2018.

Profit After Tax: In the same vein, the group’s 2019 profit after tax increased to N73.6 billion compared to N58.2 billion during the preceding financial year.

FBN Holdings‘ Earnings per share (kobo) – Basic rose to 195 kobo in 2019 compared to 161 kobo in 2018. 


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Tags: FBN Holdings PlcNSE
Olumide Adesina

Olumide Adesina

Olumide Adesina is a financial market writer, analyst and investment trader. Message Olumide on Twitter @Olumidecapital

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