• Sunday, May 26, 2024
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More banks results berth at Stock Exchange


 More banks –Fidelity Bank plc and Skye Bank plc –yesterday released their Full Year (FY) financials on the floor of Nigerian Stock Exchange (NSE).

Fidelity Bank plc reported full-year pre-tax profit of N21.62 billion from N161 million in the preceding year.

The bank’s gross earnings rose to N78.99 billion, from N49.53 billion in 2011. It declared a dividend of N0.21kobo per share, compared with N0.14kobo per share previously.

Skye Bank plc full-year pre-tax profit rose to N16.510billion from N2.842billion in the preceding year, indicating 480.93 percent rise.

The bank’s gross earnings rose to N127.730billion against N102.362billion in 2011, indicating 24.78 percent increase. The bank proposes dividend per share of N0.50kobo against N0.25kobo in 2011. This translates to total dividend payout of N6.609billion against N3.305billion in 2011. In addition to these banks, PZ Cussons Nigeria plc released its nine months ended February 28, 2013 financials which indicated revenue decline by 0.61 percent; while profit before tax rose by 85.82 percent in the nine-month period. The company’s basic earnings per share rose by 247.99 percent to 73kobo from 21kobo in same period of 2011.