FBN Holdings Profit Rises, Hit N61.7 Billion In 2019
FGN Holdings Plc has reported a 3.8% increase in the profit of its Group operations for the year ended December 2019.
The company disclosed this in its Unaudited Financial Statement (UFS) which was published on the website of the Nigerian Stock Exchange (NSE) Friday.
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The statement shows a 3.8% upward shift in the Group profit from N59,667 billion in 2018 to N61,7947 billion 2019.
The Group’s profit before tax rose by 12.8% as it stood at N73,614 Full Year (FY) 2019 from N65,288 billion in 2018.
The profit for the year for continuing operations also rose by 3.9% at the tune of N62, 094 for the year 2019 from N59,744 in 2018.
The comprehensive income for the Group in 2019 rose by 111% at N122,704 billion, an improvement from 58, 146 billion recorded in 2018.
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The unaudited financial statement submitted by the company to the NSE is in line with the provision of section Rule 1.1.2 of the ‘Issuers Rule and Default Filing Rules’ of the Exchange.
The rule mandates issuers to file in its audited quarterly account not later than thirty (30) calendar days after the quarter in question.
