FBN Holdings Plc on Tuesday, released its financial statements for the year ended December 2017.
Here are the Highlights;
Revenue:
The bank reported Gross Earnings of ₦595 billion for the year ended December 2017 compared to ₦581 billion reported for the period ended December 2016. This represents a 2.4% increase year on year.
Profit Before Tax:
Profit before tax for the company was ₦56.8 billion for the year ended December 2017, a 148% increase from the ₦22.9 billion reported a year earlier.
Profit After tax:
The Group’s profit after tax for the year ended December 2017 was ₦47.7 billion compared to ₦17.1 billion reported a year earlier. This represented a 178% increase year on year.
Earnings Per Share:
FBN Holding also reported earnings per share of N1.21 for the year compared to the 39 kobo reported as at the year ended December 2016. This represents a 210% increase year on year.
Dividend declared:
The Company declared a dividend of 25 kobo per share for the year.
