Corporate financial reports, simply explained.
Revenue up 118%, profit after tax up 146%, a ₦1.30 dividend. We read the filing of the company that runs Nigeria's stock exchange: trading fees, tax and the CSCS stake.
| Revenue | ₦17.60bn |
| Profit after tax | ₦10.36bn |
| Tax charge | ₦4.40bn |
Profit before tax up 99%, earnings per share up 14%, and a bad-loan charge that more than doubled. We read FCMB's full filing — the new shares, the cheaper funding, the cost of risk.
| Gross earnings | ₦676.2bn |
| Earnings per share | ₦4.23 |
| Impairment charge | ₦85.9bn |
