The Unaudited reports for the period ended September 30th, 2019 of Fidelity Bank revealed a growth of 15.87% in topline figures to close the period at N161.055 billion away from N139.001 billion reported same period the previous year in 2018.
The Financial institution’s reports which hit the market on 29th of October, 2019 showed a growth of about 14.65% in Profit before Tax to N23bn better than N20bn recorded in the preceding period of 2018.
The profit after tax for the period under review soared from N17.8bn in 2018 to N21.4bn in the current report, which implies a growth of about 20.00% in (PAT).
The earnings per share consequently rose by 20.19%, from 62kobo in 2018 to 74kobo in the period under review.
The PE Ratio for the current period stands at 2.27x and the earnings yield at 44.09%.