P
ProfRem
Guest
First City Monument Bank Group Plc, yesterday, reported a profit before tax (PBT) of N16.3bn for the six months ended June 30, 2016.
The report represented an increase of 70% from N9.6bn recorded in the comparative period of 2015.
The bank partly attributed the leap in profit to foreign exchange revaluation gains, following the recent implementation of the flexible exchange rate policy by the Central Bank of Nigeria(CBN).
FCMB Group Plc's gross revenue for the six months increased by 14% to N88.3bn, compared with N77.4bn for the same period in the previous year.
The report represented an increase of 70% from N9.6bn recorded in the comparative period of 2015.
The bank partly attributed the leap in profit to foreign exchange revaluation gains, following the recent implementation of the flexible exchange rate policy by the Central Bank of Nigeria(CBN).
FCMB Group Plc's gross revenue for the six months increased by 14% to N88.3bn, compared with N77.4bn for the same period in the previous year.
