FBN HOLDINGS RECORDS N164.9BN INCOME IN HALF YEAR

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FBN Holding Plc half year result for 2014 recorded a decrease of N6.558 billion representing 11.96 per cent from N54.810 billion in profit before tax to stand at N48.252 billion at the end of 2014 half year result.

The group in its half year 2014 result sent to the Nigerian Stock Exchange (NSE) yesterday in Lagos reported the profit after tax of the group stood at N37.180 billion at the end of half tear 2014 from N46.101 billion it made during the same period of 2013. The result shows that total assets of the group in 2014 rose to N4.002 trillion from N3.871 trillion, this translate to N131 billion or 3.38 per cent decrease.
Its total liabilities also rose by N228 billion or 6.71 per cent from N3.399 trillion in 2013 to N3.627 trillion at the end of 2014 half year.
FBN Holding Plc has announced interest income of N164.859 billion in its consolidated statement of financial position for the half year ended June 30, 2014.
The group reported N14.129 billion increased in its interest income translating to 9.37 per cent from N150.730 billion.
However, the company’s interest income also rose by N1.91 billion from N254 million recorded during the same period of 2013 to close at N2.167 billion in 2014 half year.

Dailytrust

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