Proshare Logo
   Market Date: 19-09-2014   
Agriculture All One Min News Archives Bonds Cap Mkt Sentiments Capital Market CASHLESS NIGERIA Commodities Corporate Earnings Daily & Weekly Market Updates Enterpreneurship ETFs Forex Frauds & Scandals General Global Market Insurance Investors NewsBeat Islamic Finance Mergers & Aquisitions Money Market Mortgage Mutual Funds Nigeria Economy Oil Sector Opinions and Analysis Pensions People Personal Finance Politics Power Products & Services Professionals Property Public Offers Private Placements Regulators REITs Stock PICKS Taxation Telcos Travel & Tours Unlisted OTC MARKET World of Business

PBT - FCMB surpasses industry standard by 27.2%

Category: Corporate Earnings


  Read (696)
PBT - FCMB surpasses industry standard by 27.2%

 

Proshare NI

April 18, 2008 at 18:19 GMT

 

The Profit before Tax (PBT) of First City Monument Bank Plc (FCMB) for the 2006/2007 year end surpassed the industry standard by 27.2 percent. Ladi Balogun, Managing Director (MD) of the bank confirmed this at the floors of the Nigerian Stock Exchange (NSE) while presenting the bank’s “Facts behind the Figures” in Lagos Nigeria.

 

Other key growth indicators; which the bank outstripped the industry include Gross Earnings and Total Deposits. FCMB in the period under review recorded a 128 percent Gross Earnings compared to the 75 percent the industry recorded, surpassing the industry record significantly by 71 percent.

 

In the same vein, the bank beat industry record by 81.52 percent in terms of Total Deposits; it recorded a Total Deposit of 167 percent compared to 92 percent recorded by the industry as a whole.

 

The bank also projected a Profit after Tax (PAT) growth rate of 61 percent per annum (PA) and Earnings per Share (EPS) growth rate of 57 percent PA over the next five years respectively.

 

FCMB also projected an EPS of 557 Kobo in 2012 compared to the 92 Kobo EPS April 2008 estimate; which is 505.43 percent higher.

 

In the Quarter three (Q3) financial result ended January 31, 2008, Gross Earnings of the bank grew to N35.861 billion to N17.543 billion in the same period in 2007, indicating a growth of 104.42 percent contrary to 207 percent written on the document made available to the public by the bank.

 

While PBT and PAT also increased from N4.431 billion to N11.244 billion and N3.545 billion to N8.995 billion in the period under review indicating an increase of 154 percent respectively.



Tags: , 



Comment With Your Facebook or Yahoo! ID


Latest news


News on Corporate Earnings

About Us

Who We Are
Our Team & Partners
Corporate Governance
Advertise with Us
Subscribe / Unsubscribe
Site Map
News Feed - RSS
Newsletter
Contact Us
Message from CEO
Resources

News & Features
The Analyst / Market Data
Investor Relations Portal
The Regulator
Economy & Politics
WebTV
Training Portal
Events Calendar
NewsStands - Online Reputation

Products and Services

Research & Market Intelligence
Analyst Services
Offers & Rights Support Service
Investor Relations Services
Alert & Subscription Services
Share Support Services
Proshare Consult
Event & Seminar Coverage
Market Directory
File a Complaint
News & Analysis

#1minNews
News from TheANALYST
Video News from WebTV
Money Market Updates
Opinions & Analysis
Nigerian Economy
Market Data
The Regulator
Newsletters
Discussion Forum
Policy

Subscriber Agreement
Privacy Policy
Data Policy
Disclaimer
Copyright Policy
Trademarks
Comments in Site
Advertising Code
Conflict of Interest
Content Partnership
3rd Parties

Online Trading and Execution
Training
Legal Support Services
Web/Technology Services
File a Complaint