WorldStage Newsonline– FCMB Group Plc, Nigeria’s leading financial group has released its unaudited annual report and financial statements for year ended 31 December 2023 with 206.86% surge in profit to N95.521 billion from N31.129 billion in 2022.
The result which was released at the Nigerian Exchange on Friday showed that gross earnings grew by 82.62% to N516.793 billion from N282.982 billion in 2022.
Highlights of the result include decline in loans and advances to customers to N1.835 trillion from N1.196 trillion; increase in net impairment losses on financial instruments to N66.278 billion from N24.966 billion and increase in depreciation and amortisation expenses to N11.156 billion from N9.672 billion.
