NPF Microfinance Bank reports N793.8m profit in Half Year 2024

NPF Microfinance Bank recently published its Second Quarter report for the period ended 30 June 2024.

The Financial Institution reported Gross Earnings of N5.552 billion for the 6 months period, 21.06% from N4.586 billion reported the previous year.

Profit after tax of N793.8 million for the 6 months period, down by 24.19% from N1.047 billion reported the previous year.

Earnings per share of the Company stands at 13 kobo.

At the share price of N1.68, the P/E ratio of NPF Microfinance Bank stands at 12.68x with earnings yield of 7.88%.

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