FCMB Group PAT jumps 109% in Q3 2018

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FCMB Group Plc has released its results for the nine months ended September 30, 2018. Here are highlights of the results.

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Gross Earnings
Gross Earnings for the group increased from N118 billion in 2017 to N132 billion in 2018. This marks a 11.8% increase year on year.

Profit Before Tax
Profit Before Tax jumped from N6.8 billion in 2017 to N14.7 billion in 2018. This represents a 116% increase year on year.

Profit After tax
Profit After Tax also increased from N5.4 billion in 2017 to N11.3 billion in 2018. This marks a 109% increase year on year.

Earnings Per Share
Earnings per share jumped from N0.28 in 2017 to N0.57 in 2018. This represents a 103% increase year on year.

Current Share Price
FCMB closed today’s trading session at N1.32, down 8.33%

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Naija247newshttps://www.naija247news.com/
Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

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