Home Business Capital Fidelity Bank Report 23.6% Growth In Post-Tax Profit
Capital

Fidelity Bank Report 23.6% Growth In Post-Tax Profit

Share
Share

fidelity bank logo

 

BY NKECHI NAECHE--Fidelity Bank Plc said it’s  Post-tax profit appreciated 23.6 percent from N14.45 billion reported the same period of 2017 to N17.85 billion in 2018.

This contained in a notice to the Nigerian Stock Exchange (NSE), that bank’s pretax profit rose from N16.23 billion in 2017 to N20.06 billion for nine month period ended September 30, 2018; indicating an increased 23.6 percent.

Gross earnings of bank was not left out as it rose massively to N139.00 billion in nine months period of 2018 when compare to  N130.06 billion reported in the nine month period of 2017; representing a growth of 6.9 pencent.

 

 

Share

Businesstoday Magazine

Businesstoday Conference/Awards

Related Articles

Stanbic IBTC’s N148.7bn Rights Issue Launches On NGX Invest

The Nigerian Exchange’s (NGX) e-offering platform, NGX Invest, continues to revolutionize capital-raising...

LG Allocation: SEC To Improve Framework On Borrowing By Governments, Corporates

The Securities and Exchange Commission has expressed its readiness to improve the...

SEC To Intensify Crackdown on Ponzi Schemes, Develop Commodities Market 

The Securities and Exchange Commission (SEC), on Sunday said it will intensify...

Access HoldCo Lauds NGX Invest Over N351bn Capital Raise

The Chairman, Access Holding Company Plc, Mr Aigboje Aig-Imuokhuede, CFR, has commended...