FCMB Group Plc declares Gross Earnings of N374.47bn, boosts profit by 67.99% in H1 2024

FCMB Group Plc on Wednesday published its Second Quarter report for the period ended 30 June 2024. The report shows significant growth in the Company’s topline and bottom line figures, year on year.

The Group reported Gross Earnings of N374.47 billion for the 6 months period, up by 57.22% from N238.18 billion reported the previous year.

Profit after tax of N59.58 billion was achieved for the 6 months period, up by 67.99% from N35.41 billion reported the previous year.

Earnings per share of FCMB Group stands at N3.

At the share price of N8, the P/E ratio of FCMB stands at 2.66x with earnings yield of 37.55%.

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