FY 2017 results: Diamond Bank reports N9 billion loss

Diamond Bank Plc has released its financial statements for the year ended 31 December 2017.

Here are the key highlights of the results.

Revenue

Gross earnings increased from ₦184.1 billion in 2016 to ₦189.6 billion in 2017. This represents a 3% increase year-on-year.

Loss Before Tax

Loss Before Tax for the bank during the year ended December 2017 is  ₦11.5 billion as against a profit before tax of ₦3.36 billion in full-year 2016.

Loss After Tax

The bank made a loss after tax of ₦9.01 billion during the year ended December 2017 as against a profit after tax of ₦3.49 billion in full-year 2016.

Loss Per Share

Diamond Bank reported a Loss per share of 56kobo in 2017 compared to earnings per share of 9 kobo in 2016.

Current share price

Diamond Bank closed at ₦1.90 down 5% at the close of trading today on the floor of the Nigerian Stock Exchange.

DOWNLOAD DIAMOND BANK PLC FY 2017 RESULTS