The profit aftertax of the company went down to N24.7 billion from N30.6 billion in the corresponding period of last year. In the same vein, the profit before tax dropped to N33.0 billion from N37.1 billion.
An analysis of the financial statements of the lender by Business Post revealed that the gross earnings of the organisation decreased by 2 percent to N194.9 billion from N199.5 billion
However, the revenue increased by 2 percent to N143.7 billion from N140.5 billion, just as the interest income rose to N124.5 billion from N116.7 billion, with the interest expense decreasing to N47.9 billion from N54.3 billion and the net interest income growing by 23 percent to N76.6 billion from N62.4 billion.
An analysis of the financial statements of the lender by Business Post revealed that the gross earnings of the organisation decreased by 2 percent to N194.9 billion from N199.5 billion
However, the revenue increased by 2 percent to N143.7 billion from N140.5 billion, just as the interest income rose to N124.5 billion from N116.7 billion, with the interest expense decreasing to N47.9 billion from N54.3 billion and the net interest income growing by 23 percent to N76.6 billion from N62.4 billion.
