Wema Bank Plc boosts H1 2023 profit by 98.87%

Wema Bank Plc on Thursday published its Second Quarter report for the period ended 30, June 2023.

The financial institution achieved Gross Earnings of N89.631 billion for the 6 months period, up by 47.94% from N60.586 billion reported the previous year.

Profit after tax of N10.492 billion was reported for the period under review, up by 98.87% from N5.276 billion reported the previous year.

Earnings per share of Wema Bank stands 82 kobo.

At the share price N5.20, the P/E ratio of Wema Bank stands at 6.37x with earnings yield of 15.69%.

Leave a Reply

Your email address will not be published.

WP Twitter Auto Publish Powered By : XYZScripts.com