Wema Bank boosts Q2 PAT by 148.61% to N3.72bn

Wema Bank Plc on Thursday published its Second Quarter report for the period ended 30 June 2021. The result shows year on year growth in Bank’s top line and bottom line figures.

Gross Earnings of N41.33 billion was reported for the six months period, up by 8.33% from N38.15 billion reported the previous year.

Profit after tax soared by 148.61% to N3.715 billion from N1.494 billion reported in Q2 2020.

Earnings per share (EPS) of the bank increased to 10 kobo from the EPS of 4 kobo in Q2 2020.

At the share price of N0.85, the P.E ratio of Wema Bank stands at 8.83x with earnings yield of 11.33%.

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