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Home Markets Equities Company Results

2020 FY: WEMA Bank posts N5.06 billion profit after tax as earnings per share prints at N13.1. 

Blurb Team @Nairametrics by Blurb Team @Nairametrics
February 26, 2021
in Company Results, Markets
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Wema Bank Plc released its full year 2020 results showing Net Interest Income of N31.04 billion, up by 19.4% from the N25.99 billion reported a year earlier. 

  • Net interest income after adjusting for loan impairments was N26.85 billion. (+35.24% YoY). 
  • Profit before tax was N6.96 billion. (+3.01% YoY). 
  • Earnings per share of N13.1 vs N13.5. (-2.9% YoY).
  • No dividend announcement was made in their press release. 
  • The company’s share price of N0.7 as of when the result was released. (+1.45% YoY). 

See link to results. 

Blurb Team @Nairametrics

Blurb Team @Nairametrics

The "Blurb Team" is the official conveyer of the opinions of the Nairametrics Research & Analysis Board on matters of financial reports, macroeconomic data, and economic policies.

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