FBN Holdings HY pre-tax Profit Drops to N35.6b from N45.9b

By Modupe Gbadeyanka

The 2017 half year financial statements of FBN Holdings have been released and the group suffered a decline of N10.3 billion in its pre-tax profit.

In the results released today, the firm posted a profit before tax of N35.6 billion in the first six months of 2017 compared with N45.9 billion it achieved a year ago with deposits from customers hitting N3 trillion against N3.1 trillion posted on December 31, 2016.

However, the group raised its net interest income to N164.1 billion in the period under review from N126.1 billion in the corresponding period of 2016.

View full statements here: http://www.nse.com.ng/Financial_NewsDocs/19014_FBN_HOLDINGS_-_HALF_YR_JUNE_2017_FINANCIAL_STATEMENTS_JULY_2017.pdf

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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