FCMB Says Q3 2021 Profit Declines -0.7% to N13.8 Billion

Image Credit: FCMB

November 23. 2021

By Pascal IJEH InvestAdvocate

Lagos (INVESTADVOCATE)- FCMB Group Plc said on Tuesday its third quarter (Q3) profit for the period September 30, 2021 declined -0.7 percent to N13.8 billion from N13.9 billion recorded the same period of 2020, the lender said in a filing with the Nigerian Exchange Group (NGX).

Similarly, profit before tax (PBT) also depreciated same margin of -0.7 percent to N15.7 billion from N15.8 billion reported last year.

Gross earnings of FCMB inched up -2.1 percent in the Q 3 period ended September 30, 2021 to N149.5 billion from N146.4 billion in the same period of 2020.

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