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FCMB reports N200bn Gross Earnings, grows PAT by 66.04% in Q3 2022

FCMB Group Plc on Tuesday published its Third Quarter report for the period ended 30 September 2022.

The Group reported Gross Earnings of N200.068 billion, up by 33.85% from N149.47 billion reported the previous year.

Profit after tax grew year on year by 66.04% to N22.92 billion from N13.8 billion reported the previous year.

Earnings per share of the group for the 9 months period increased by 66.04% to N1.16 from the EPS of N0.70 reported in Q3 2021.

At the share price of N3.35, the P/E ratio of FCMB stands at 2.89 with earnings yield of 34.55%.

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