Wema Bank grew Profit after Tax by 54.64% in Q3 2019

Wema Bank Plc in its nine months financial report for the period ended, September 30, 2019 recorded N64.83 billion as turnover, up by 32.34% from N48.99 billion recorded in the third quarter of 2018.

Profit after tax grew by 54.64%, closing at N4.09 billion from the previous close of N2.64 billion in 2018.

Earnings per share grew to N0.11 from the previous earnings per share of N0.07 in the third quarter of 2018.

With reference to the share price of N0.55, the P. E ratio of Wema Bank stands at 5.19x with earnings yield of 19.27%.

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