FCMB GROUP PLC advanced its profit after tax (PAT) so far in 2018 by 107.38%. The financial institution’s PAT soared from N5.468billion of 2017 to N11.341billion recorded in the current period of 2018.
The bank’s 2018 third quarter financial reports that was made public, on Thursday, 29th of November, 2018 revealed a 11.83% growth in Gross Earnings’ figures from N118 billion garnered in the corresponding period, the previous year to N132 billion recorded in the current period under review
The earnings per share also appreciated by 107% from previous year’s N0.28kobo to current year’s N0.57kobo.
The current period’s PE Ratio is at 2.30x and the earnings yield at 43.39% with N1.32, worth of stock as the day of computation.