Business
Wema Bank’s 2015 Profit slides 1.6%
By Chioma Obinagwam
Nigeria’s mid-tier lender, Wema Bank Plc said its Profit Before Tax(PBT) for the period ended December 31, 2015 declined by 1.6 per cent to N3.05 billion from the N3.09 billion reported a year earlier.
Similarly profit after tax (PAT) dropped marginally by 1.9 percent to N2.327 billion from N2.372 billion recorded the same period of 2014.
However, gross earnings of the mid-tier lender grew from N42.19 billion in 2014 audited year end to N45.87 billion in 2015 end; representing a growth of 8.7 per cent, Wema Bank disclosed this in a filing with the Nigerian Stock Exchange (NSE).
-
Featured1 week agoInside INEC’s race to prepare for Nigeria’s 2027 elections
-
Featured1 week ago2027: APC unveils nationwide campaign timetable, Tinubu to rally in 12 states
-
Business5 days agoNaira faces exchange rate gap as Dollar hits N1,380 on parallel market
-
Business1 week agoCourt dismisses ₦170m Trade Fair contract claim, says Zenith Bank was not a party
-
Latest1 week agoBreaking: NNPCL raises petrol price to ₦1,405 per litre amid discount controversy
-
Featured1 week agoFrom kitchen to Supreme Court: Nigerian’s fight over alleged support for terrorists
-
Football1 week agoMaresca reveals Guardiola’s reaction to Man City’s 4-2 defeat to PSG
-
Business7 days agoNCC launches Internet Governance Working Group to tackle AI risks, boost online safety