UNAUDITED RESULTS FOR THE PERIOD ENDED 31ST MARCH, 2020 OPERATIONAL EFFICIENCY: PAT MARGIN SURGE BY 46%
Income Statement:
Income Statement:
• Revenue from contracts with customers: N0.13 Billion, compared to N0.27Billion in Q1 2019 (52% YoY Decline)
• Interest Income: N0.61 Billion, compared to N0.60 Billion in Q1 2019 (3% YoY Increase)
• Gross Earnings: N0.74 Billion, compared to N0.87 Billion in Q1 2019 (14% YoY Decline)
• Profit Before Tax: N0.41 Billion, compared to N0.45 Billion in Q1 2019 (9% YoY Decline)
• Profit After Tax: N0.34 Billion, compared to N0.38 Billion in Q1 2019 (10% YoY Decline)
• Earnings Per Share: 17 Kobo.
• Interest Income: N0.61 Billion, compared to N0.60 Billion in Q1 2019 (3% YoY Increase)
• Gross Earnings: N0.74 Billion, compared to N0.87 Billion in Q1 2019 (14% YoY Decline)
• Profit Before Tax: N0.41 Billion, compared to N0.45 Billion in Q1 2019 (9% YoY Decline)
• Profit After Tax: N0.34 Billion, compared to N0.38 Billion in Q1 2019 (10% YoY Decline)
• Earnings Per Share: 17 Kobo.
Balance Sheet:
• Total Assets: N18.09 Billion, compared to N18.65Billion as at FY 2019 (3% YTD Decline)
• Total Liabilities: N9.52 Billion, compared to N10.37 Billion as at FY 2019 (8% YTD Decline)
• Shareholders’ Fund stood at N8.57 Billion, surging by 3% YoY from N8.28 Billion as at FY 2019.
• Shareholders’ Fund stood at N8.57 Billion, surging by 3% YoY from N8.28 Billion as at FY 2019.
