FCMB reports N7.56bn as profit in Q2 2021

FCMB on Wednesday published its Financial Statements for the period ended 30 June 2021. The report shows year on year decline in the top line and bottom line figures of the Group.

Gross Earnings of N94.228 billion was reported for the six months period, down by 4.02% from N98.179 billion reported in Q2 2020.

Profit after tax declined year on year by 22.10% to N7.56 billion from N9.7 billion reported the previous year.

Earnings per share (EPS) of the Group dropped to 38 kobo from the EPS of 49 kobo achieved in Q2 2020.

At the share price of N3.02, the P.E ratio of FCMB stands at 7.91x with earnings yield of 12.64%.

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