FBN Holdings Plc. announced strong financial performance for the year ending December 2023. The company reported a record-breaking profit after tax of N310.4 billion, a significant increase from the previous year. This profit surge was accompanied by a rise in Net Interest Income to N548.9 billion, reflecting a 51% year-over-year growth.
Continuing the positive trend, FBN Holdings also reported a robust first quarter for 2024, with a pre-tax profit of N238.5 billion, representing a 310% increase compared to the same period in 2023. Shareholders will benefit from this success, as the company declared a total dividend payout of N14.35 billion, translating to 40 kobo per share. This follows a similar dividend payment made in 2022.
Source: Daily Trust