Fidelity Bank Releases Q3 2018 Results

by Entrepreneurng October 26, 2018

written by Entrepreneurng October 26, 2018

Fidelity Bank Plc has released its results for the third quarter ended September 30, 2018. Here are key highlights of the results.

Gross Earnings increased N130 billion in 2017 to N139 billion in 2018. This amounts to a 6.9% year on year.

Profit before tax increased from N16.2 billion in 2017 to N20.6 billion in 2018. This amounts to a 23.4% year on year.

Profit after tax increased from N14.4 billion in 2017 to N17.8 billion in 2018. This amounts to a 23.6% year on year.

Earnings per Share increased from N0.50 in 2017 to N0.62 in 2018. This amounts to a 24% increase year on year.

Fidelity Bank closed at N2 in yesterday’s trading session. The result was released after trading hours.