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Earnings Update

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FBNH HALF YEAR 2019-PAT DECLINE BY 5.48% TO N31.641 Billion

Earnings UpdateBy Samuel ObayomiAugust 14, 2019

Gross Earnings: The Bank’s gross earnings for its half year report, reflected a marginal decline of 0.48%, as the 2019 half figure stood at N285.316 billion, as against N286.702 billion recorded in 2018 half year report, this decline arose from the decline recorded in the following income line; Interest income, net gains from foreign exchange,…

NIGERIAN BREWERIES-PAT DECLINE BY 27.76% to N13.319 Billion

Earnings UpdateBy Samuel ObayomiAugust 14, 2019

  Gross Earnings: The firms Gross earnings declined marginally by 1.44% from N173.310Billion to N170.812Billion, this was as a result of a 9.55% decline from Finance income that decline to N199 Million from N220 Million. Gross Operating Expenses: The firms gross operating expenses consist of Cost of Goods and other Operating Expense that recorded a…

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