Reports say that the bank recorded a profit after tax of N46.01 billion as against N20.48 billion posted in the comparative period of 2011.
According to NSE, the bank’s half year gross earnings, which ended on June 30, 2012, is N182.30 billion as against the N145.09 billion declared in 2011.
The increase represented an increase of 25.6 per cent. The bank’s Net Assets dropped to N384.44 billion when compared with the N399.98 billion posted in the comparative period of 2011.
The profit before tax stood at N50.07 billion as against the N33.77 billion posted in the preceding year.
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