FBN declares 10.5 % drop in profit

By Moses Ebosele – 
 For the six months ended June 30, 2016, FBN Holdings Plc attained Profit After Tax of N35.9 Billion, down by 10.5 per cent when compared with N40.1 Billion recorded within same period in 2015.
 According to the Bank, Gross earnings also dropped by 1.2 per cent to N267.9Billion while net-interest income stood at N126.1 Billion, down 5.0 per cent  year-on-year.
 In its unaudited result to the Nigeria Stock Exchange (NSE), FBN Holdings said its operating income increased by 52.0 per cent to N94.1 Billion.