FBN Holdings Plc’s gross earnings surge to N627 billion in FY 2019

FBN Holdings Plc has released its full-year 2019 audited financial report. We have summarised the key details for you.

FBN Holdings Plc has released its full-year 2019 audited financial report. See the key highlights below:

Gross Earnings: The group’s gross earnings grew to N627 billion during the twelve-month period, up from N587.4 billion during the comparable period in 2018.

Profit Before Tax: FBN’s profit before tax in the financial year 2019 stood at N83.6 billion compared to N63.9 billion in the financial year of 2018.

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Profit After Tax: In the same vein, the group’s 2019 profit after tax increased to N73.6 billion compared to N58.2 billion during the preceding financial year.

FBN Holdings‘ Earnings per share (kobo) – Basic rose to 195 kobo in 2019 compared to 161 kobo in 2018.