WEMABANK Declares N977m PAT in Q1 2020 Unaudited Results;(SP:N0.57K)

Wednesday, May 13, 2020 / 2:54 PM / NSE / Header Image Credit: Ecographics

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

Key Highlights

• Revenue grew by 4.6% to N20.8bn from N19.9bn in the previous quarter.

• Profit before tax declined by 15.1% to N1.1bn.

• Profit after tax declined by 14.6% to N977m. 

• Net Assets also grew by 1.8% to N56bn from N55bn.

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