Top Stories
FBN Holdings Plc reports 53.64% growth in PBT for Q1 2023
FBN Holdings Plc has released its unaudited Q1 financial statement for the first quarter ended 31 March 2023.
The Group posted a profit before tax of N56.105 billion for Q1 2023 a 53.64% growth from N36.518 billion reported in Q1 2022.
Profit after tax stood at N50.054 billion as against N32.401 billion in 2021, equally representing 54.48% growth.
The profit was boosted largely by interest income of N179.610 billion reported during the period under review as against N109.448 billion posted in 2022, which is an increase of 64.10%.
Other key highlights of the result
- Net fee and commission income grew by 29.18% y-o-y to N35.297 billion from N27.323 billion in Q1 2022
- Interest expenses grew by 40.37% y-o-y to N36.652 billion in 2022 from N25.564 billion in 2021
- Operating profit grew by 93.54% y-o- y to N56.105 billion from N36.590 billion a year earlier
- News21 hours ago
NIGERIAN BREWERIES PARTNERS OZA CARNIVAL
- Top Stories9 hours ago
Tinubu’s Aide Condemns Plan To Reinstall ‘Jesus Is Not God’ Banner In Lekki Mosque
- Top Stories4 hours ago
Breaking: FIRS Announces Fresh Recruitment, See Eligibility Criteria, Application Deadline
- News9 hours ago
Petrol To Sell ₦935/Litre From Today – IPMAN
- Top Stories9 hours ago
2025 Budget Cannot Address Nigeria’s Economic Challenges – Atiku
- News9 hours ago
President Tinubu’s reforms not responsible for food stampedes – FG
- Top Stories6 hours ago
Primate Ayodele’s Prophecies For 2025
- Entertainment9 hours ago
I will be more influential in Nigeria than UK – Tobi Adegboyega