First Bank declares N40.79bn profit in Q3 2021

First Bank of Nigeria Holdings on Monday published its audited third quarter for the period ended 30 September 2021.

Gross Earnings of N427.397 billion was achieved for the nine months period, down by 2.85% from N439.923 billion recorded the previous year.

Profit after tax of N40.791 billion was reported for the nine months period, down by 40.15% from N68.156 billion.

Earnings per share (EPS) of the Holding Company for the period under review stands at N1.14, down by 40.15% from the EPS of N1.90 achieved in Q3 2020.

At the share of N11.70, the P.E of First Bank of Nigeria Holdings stands at 10.30x with earnings yield of 9.71%.

source: https://stocksng.com/first-bank-declares-n40-79bn-profit-in-q3-2021/

Your Comment:

Related Posts

23

May
Finance Services

Cheap stocks with uptrend potentials

The Nigerian stock market in the past few weeks has been bullish, except that it closed marginally lower by 0.22% last week, occasioned by profit taking in MTN and Seplat. The positive vibration was triggered by impressive performance in FY 2021, dividend pay-out and Q1 2022 results of listed companies. Based on the quality of earnings released […]

23

May
Finance Services

Market down by 0.22% WtD on profit taking

The Nigerian stock market closed lower last week, occasioned by profit taking in MTN and 41 other stocks. The All Share Index and Market capitalization dropped by 0.22% to settle at 52,979.96 and N28.562 trillion respectively. An aggregate of 3.02 billion units of shares were traded in 29,151 deals, valued at N31.78 billion. The market breadth closed[…]