FCMB reports N126bn as turnover in six months, PAT rises by 80.8%

First City Monument Bank (FCMB) on Monday published its half year report for the period ended 30 June 2022. The report shows year on year growth in the Group’s topline and bottom line figures.

Gross Earnings of N126.22 billion was reported for the 6 months period, up by 33.96% from N94.23 billion reported the previous year.

Profit after tax grew year on year by 80.8% to N13.66 billion from N7.56 billion reported the previous year.

The Earnings per share of Bank increased by 80.8% to N0.69 from the EPS of N0.38 reported the previous year.

At the share price of N3.1, the P/E ratio of FCMB stands at 4.49x with earnings yield of 22.26%.

Source: FCMB reports N126bn as turnover in six months, PAT rises by 80.8% – StocksWatch (stocksng.com)

Related Posts

18

Sep
Business & Economy

Stock Market Review: September 18, 2023

The stock market last week closed was down by 1.10% due to profit taking, bringing the All Share Index and Market Capitalisation to 67,395.74 points and N36.886 trillion respectively. Year to date, the market has returned 31.50%. In a stock market review with the MD/CEO of APT Securities and Funds Limited, Mallam Garba Kurfi, the following were discussed: […]

18

Sep
Business & Economy

Nigerian Bourse drops by 1.10% in one week on profit taking, sheds N409bn

The Nigerian stock market declined by 1.01% week on week, as NESTLE, PRESCO and other 51 stocks shed weights. The All Share Index dropped by 1.10% to settle at 67,395.74 points from 68,143.34 points. Consequently, the Market capitalization also dropped by 1.10% to settle at N36.886 trillion from N37.295, thereby shedding N409 billion. An aggregate of 2.93[…]