UPDATED: FBN Holdings report profit after tax increase by 13.9% for H1’18

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FBN Holdings has released its results for the half year ending June 2018. Here are highlights of the results.
Interest Income

Interest income dipped slightly from N232 billion in 2017 to N225 billion in 2018. This represents a 3% drop in comparison with the corresponding period in 2017.
Profit Before Tax

Profit before tax, however, increased from N35.6 billion in 2017 to N38.8 billion in 2018. This represents an 8.9% increase year on year.
Profit After Tax

Profit after tax (from continuing operations) also increased from N29.4 billion in 2017 to N33.5 billion in 2018. This represents a 13.9% increase compared to the corresponding period in 2017.

Earnings Per Share

Earnings per share increased from N0.79 in 2017 to N0.91 in 2018. This is a 15.1% increase over the comparative period in 2017.
Current Share Price

FBN Holdings closed at N10 in today’s trading session on the Nigerian Stock Exchange, up N0.35 or 3.63%