FBN Holdings Plc’s Gross Earnings Report | Surge to N627 billion in FY 2019

FBNHoldings audited financial report

FBN Holdings Plc has released its full-year 2019 audited financial report. The PDF document of report from NSE.com.ng reveals the FBN Holdings Plc.Index to the consolidated financial statementsfor the year ended 31 December 2019 and it's also titled - FBN Holdings Plc. CORPORATE GOVERNANCE REPORT on Financial Statements 2020.

The report in the document also reveals in 2019, the Group remained resolute on the path of good governance, aligning the FBN holdings long-term strategy  with the governance  framework  and  complying  with  the  highest  international standards to promote sound and efficient financial services and build market confidence. 

FBN Holdings Plc’s Gross Earnings Report showed a Surge to N627 billion in FY 2019.

See the key highlights below:

Gross Earnings: The group’s gross earnings grew to N627 billion during the twelve-month period, up from N587.4 billion during the comparable period in 2018.

Profit Before Tax: FBN’s profit before tax in the financial year 2019 stood at N83.6 billion compared to N63.9 billion in the financial year of 2018.

Profit After Tax:
In the same vein, the group’s 2019 profit after tax increased to N73.6 billion compared to N58.2 billion during the preceding financial year.

FBN Holdings‘ Earnings per share (kobo) – Basic rose to 195 kobo in 2019 compared to 161 kobo in 2018.

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