News Column

Skye Bank Six Months Profit Dips By 31.2 Percent

August 1, 2014



The net profit of Skye Bank Plc in the first six months of this year has dipped by 31.16 per cent to N5.81 billion compared with N8.44 billion achieved in the corresponding period of 2013.

The bank's profit profile is contained in the company's audited result released by the Nigerian Stock Exchange (NSE) on Thursday in Lagos.

Also, the bank's profit before tax dropped by 31.10 per cent to N7.27 billion as against N10.55 billion declared in the comparative period of 2013.

The gross earnings also decreased by 10.24 per cent to N63.88 billion compared with N71.17 billion achieved in the comparative period of 2013.

Its shareholders' fund stood at N115.94 billion against N120.42 billion, a decrease of 3.72 per cent.

Earnings per share during the period under review stood at 0.44k in contrast to 0.64k recorded in the corresponding period of 2013.

However, its total assets rose to N1.31 trillion against N1.12 trillion declared in the comparative period of 2013.


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Source: AllAfrica


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