The reports for the Half year ended June 30, 2018, released by the management of the initiator of the Nigeria’s first fully digital bank revealed that the group grew its profit after tax by 28.8% year on year from N1.2billion to N1.5billion in the corresponding review period.
The turnover for the period under review however suffers marginal 0.23% decline as the reported interest income dropped from the previous N25.4billion to about N25.3billion in the corresponding period.
With about 38.5billion share outstanding, Shareholders’ earnings per share grew year on year by 33% from 3kobo to 4kobo.
At a reference price of 63kobo it traded last Friday, the company’s PE Ratio stood at 15.75x with earnings yield of 6.35%.