ABBEYBDS Declares N26m PAT in Q1'20 Result, (SP:N1.05k)


Wednesday, June 10, 2020 / 5:37 PM / NSE / Header Image Credit: Abbey Mortgage Bank

Abbey Mortgage Bank Plc released its Q1 2020 Unaudited results for the period ended March 31st, 2020.

Key Highlights

  • Interest Income declined by 2.8% to N354m from N364m in the previous quarter.

  • Profit before tax declined by 47% to N28m.

  • Profit after tax declined by 50% to N26m.

  • Net Assets also grew by 43.8% to N7.8bn from N5.4bn.

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