NPF Microfinance Bank Plc, in its 2018 Full Year financial results submitted and released to the public by the Nigeria Stock Exchange on the 24th June, 2019 showed that the Financial Institution filed a growth of 8.00% Topline figures from N3.654 billion of FY’17 to the current period of N3.950 billion in 2018.
The company’s financial results also disclosed 69.02% or N436mn decline in Profit After Tax from N631.8 million recorded in the same period the previous year to N195.7 million in the current period under review.
The earnings per share fell by over 69% from N0.28 recorded in 2017 to N0.09 of the current period under review.
The current period’s PE Ratio as computed stands at 14.02x and the earnings yield at 7.13%.
NPF Microfinance Bank Plc is a Nigeria-based community bank. The Company’s principal activity is the provision of banking and other permissible financial services to poor and low income households and micro enterprises with emphasis on members of the Nigerian Police Community. Its services include retail banking, granting of loans, advances and allied services. The Bank operates through 28 branches located at Obalende, Ikeja, Garki-Abuja, Wuse-Abuja, Port-Harcourt, Kano, Osogbo, Benin, Akure, Onitsha, Sokoto, Lokoja, Lafia, Bauchi, Yola, Enugu, Kaduna, Oji River, Ibadan, Abeokuta, Ikorodu, Tejuosho, Asaba, Calabar, Aba, Aswani, Awka and Port Harcourt .