FIRST Bank Holding Plc has reported 7.7 per cent growth post-tax profit in its half year ended June 30, 2015.
According to a notice from the Nigerian Stock Exchange (NSE), the group’s profit after tax rose to N40.06 billion from N37.18 billion posted a year earlier.
Its gross earnings grew to N205.798 billion, up 24.8 per cent year-on-year from N164.854 billion posted in 2014. FBNH had posted 8.7 per cent growth in its first quarter ended March 31, 2015.
The group’s pre-tax profit during the period under review grew to N26.94 billion from N24.8 billion posted a year earlier.
Gross earnings advanced to N126.8 billion, up 23.5 per cent year-on-year from N102.6 billion posted in 2014.
FBN Holdings’ 2014FY audited results showed a 17 per cent growth in profit after tax for the financial year ended December 31, 2014.
The company’s profit after tax firmed up to N82.839 billion as against N70.631 billion recorded during the comparable period of 2013, indicating a growth of 17.3 per cent.
The bank’s gross earnings grew by 21.5 per cent from N395.455 billion in 2013 to N480.618 billion in 2014.

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