First Bank H1 pretax profit up 8 percent

FBN Holdings’ half-year pretax profit rose 7.93 percent to 52.08 billion naira ($262 million) from a year ago, it said on Thursday.

Gross earnings rose to 205.79 billion naira in the six months to end-June from 164.85 billion naira in the same period last year, the bank said in a statement but did not give reason for the increased in earnings.