FBNH grows profit to N49bn in H1’20

The unaudited half year financial report of First Bank of Nigeria Holding for the period ended June 30th, 2020 revealed a growth of 7.17% in Gross Earnings, closing at N298.1 billion against the previous close of N278.2 billion in half year 2019.

Profit After tax closed at 49.5 billion, up by 56%, when compared with its previous’ N31.6 billion in half year 2019.

The Earnings per share for the period under review grew to N1.33, up by 56.33% from the previous earnings per share of N0.88

With reference to the share price of N5.00 it closed on Wednesday 29th July, the PE Ratio stands at 3.63x with earnings yield at 27.56%.

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