EARNINGS ALERT – Friday, November 24, 2017

FCMB GROUP PLC released its unaudited Q3 2017 results with EPS of N0.37. Please find attached the full result of FCMB GROUP PLC as released on the NSE and see key highlights below:

  • Gross earnings declined by 15.57% to N118.82bn from N140.73bn in Q3 2016. The decline was primarily driven by the exceptional FX revaluation income in 2016.
  •  Net impairment on loans reduced to N12.65 billion for the nine-months ended September 2017, from N34.49 billion for the same period prior year.
  • Other operating expenses, up by 11.06% to N9.59bn
  •  Profit before tax (PBT) of N6.8bn for nine-months 2017, declined 52% from N14.2 bn for the nine-months 2016, but improved by 64% against Q2 2017.

Corporate Action
Proposed Dividend                          Nill
Closure Date                                   Nill

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