FBN Holding Plc grows profit by 231% in Q2 2023

FBN Holdings Plc (FBNH), the parent company of First Bank on Nigeria Limited on Thursday published its Second Quarter report for the period ended 30 June 2023.

The big elephant as it’s fondly called achieved significant growth in its topline and bottom line figures for the period under review.

Gross Earnings of FBNH for the 6 months period stands at N754.795 billion, up by 110.07% from N359.305 billion achieved the previous year.

Profit after tax grew year on year by 231.07% to N187.176 billion from N56.536 billion reported the previous year.

Earnings per share of FBNH stands at N5.21.

At the share price of N18.05, the P/E ratio of FBN Holdings stands at 3.46x with earnings yield of 28.89%.

Source: FBN Holding Plc grows profit by 231% in Q2 2023 – StocksWatch (stocksng.com)

Related Posts

03

Nov
Business & Economy

ELITE WEALTH PLACEMENT FUND

Welcome to the Elite Wealth Placement Fund – a bespoke investment vehicle designed exclusively for high-net-worth individuals seeking attractive and tailored placement opportunities. Our fund is managed by a team of seasoned financial experts with a proven track record of delivering superior returns, while prioritizing risk management and long-term wealth preservation. As an exclusive member, you will […]

03

Nov
Business & Economy

PZ Cussons Nigeria Plc reports N113bn revenue, boosts profit after tax by 114% in one year

The Audited Financial Statement of PZ Cussons for the year ended 31 May 2023 show significant growth in the Company’s bottom line figures with 114% growth in its profit after tax for the 12 months period. The Group reported revenue of N113.964 billion for the 12 months period, up by 14.53% from N99.503 reported the previous year.[…]