FBN Holdings Generated N89.7bn Profit in 2020…Gross Earnings Declined by 1.9%

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FBN Holdings Plc (FBNH) released the 2020 full year financials showing a 1.9% decline in gross earnings. Notably, FBNH reported that its profit before tax grew by 11% to N84bn while Profit after tax grew by 22% to N89.7bn.

FBN Holdings’ net assets also grew by 15.7% from N661bn to N765bn.

The Board of Directors has recommended a dividend of 45 kobo per ordinary share of 50 kobo each, amounting to N16,152,881,755.95 (2019: N13,640,211,261.00). Withholding tax will be deducted at the time of payment.

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FBN Holdings Generated N89.7bn Profit in 2020…Gross Earnings Declined by 1.9% - Brand SpurFBN Holdings Generated N89.7bn Profit in 2020…Gross Earnings Declined by 1.9% - Brand Spur

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FBN Holdings Generated N89.7bn Profit in 2020…Gross Earnings Declined by 1.9% - Brand SpurFBN Holdings Generated N89.7bn Profit in 2020…Gross Earnings Declined by 1.9% - Brand Spur

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- Advertisement -FBN Holdings Generated N89.7bn Profit in 2020…Gross Earnings Declined by 1.9% - Brand SpurFBN Holdings Generated N89.7bn Profit in 2020…Gross Earnings Declined by 1.9% - Brand Spur