Tag: Profit Before Tax
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Wema Bank announces 108.3% growth in Profit Before Tax
Wema Bank Plc’s resilience was on display as the digitally driven financial institution announced its financial results for the year ended December 31, 2021. The performance which capped a remarkable year showed strong growth in key financial indices especially as the bank crossed the ₦1trillion mark in total assets.
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Fidelity Bank Announces 53.9% Growth in 1st Quarter Profit Before Tax of N10.1bn
Top Nigerian bank, Fidelity Bank Plc, has recorded a strong financial performance in the first quarter of 2021, posting appreciable growth in profits for the period ending 31 March 2021. Details of the unaudited results, released at the Nigerian Stock Exchange (NSE) show that Profit before Tax (PBT) grew by 53.9% from N6.6bn in 2020…
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UBA records N32.7b profit before tax in Q1
United Bank for Africa Group (UBA) Plc has recorded double-digit improvement across all its major income lines in its first quarter ended March 31st, 2020. The bank leveraged on modest growth in both interest and non-interest income and recorded 8.5 percent year-on-year growth in Profit Before Tax in the first three months of 2020, to…