Companies
Updated: December 09, 2022

Q1 2023: FCMB Targets N79 Billion Gross Earnings

By Felicia Abisola Olamiji
December 09, 2022
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For the first quarter of 2023, FCMB Group Plc said it is targeting to achieve N79.34 billion in gross earnings.

The company disclosed this in its Q1 2023 earnings forecast released via the Nigerian Exchange (NGX).

The bank is also targeting profit before and after tax was put at N9.58 billion and N8.48 billion respectively, and also an interest income of N63.82 billion.

During the period, the projection for interest expenses is N31.14 billion, while forecasted taxation for the period was put at N1.1 billion.

FCMB Group Plc recorded gross earnings for the nine months ended September 30, 2022, of N200.067 billion, compared to N149.467 billion recorded in the same period of 2021