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Wema Bank reports 44% increase in profits but earnings per share drops

Wema Bank released its 2014 FY results showing Interest Income rose 24.5% to N35.45billion compared to N28.54billion reported the year before. Profit after tax was up 44% to N2.3billion compared to N1.59billion the year before. Earnings per share was 6kobo compared to 8 kobo the year before an indication of an increase in shareholdings in 2014 […]

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Wema Bank released its 2014 FY results showing Interest Income rose 24.5% to N35.45billion compared to N28.54billion reported the year before. Profit after tax was up 44% to N2.3billion compared to N1.59billion the year before.

Earnings per share was 6kobo compared to 8 kobo the year before an indication of an increase in shareholdings in 2014 compared to 2013.

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Comments 2

  1. oluwatosin

    the Gross earnings of N25.45 billion as stated in the article for the current year (2014) is incorrect

    Reply
    1. Nairametrics Author

      Thanks for your observation. Correction has been made

      Reply

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