Friday, September 28, 2018 04:28 PM / Proshare Markets
Fidelity Bank Plc held its H1 2018 Investors and Analyst Conference Call Earnings Presentation. Proshare NG participated along with leading market analysts and professionals.
The bank, in its presentation gave an overview of the operating environment. The bank stated that Naira has been relatively stable as it records growing deposits on the back of improving macros.
Fidelity Bank Plc, according to its 2018 half year financial highlights, recorded a gross earnings of N88,917bn in H1 2018 as against N85,821bn in H1 2017, up by 3.6% YoY while its net interest income moved down by 6.2% from N30,887bn in H1 2018 as against N32,944bn in H1 2017.The bank’s Profit Before Tax increased by 27.3% YoY from N10,219bn in H1 2017 to N13,010bn in H1 2018.
Its balance sheet snapshot reflected that its shareholders’ funds declined by -9.4% while its total assets moved up by 13.7%.
At the close of trading today, the shares of Fidelity Bank Plc moved down by a tick size of -1.73% to close at N1.70k from the previous price of N1.73k. YTD, the stock has dropped by -30.89%.
In a nutshell, below are the key takeaways from the H1 2018 earnings presentation made by the bank’s management;
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