Skye Bank says Q1 profit down 25.5%

Daily Trust - - REUTERS -

Nigeria’s Skye Bank said on Mon­day its first-quar­ter pre­tax profit fell to 3.45 bil­lion naira ($21.5 mil­lion), down 25.5 per­cent from 4.63 bil­lion naira in the same pe­riod of last year.

Gross earn­ings at the midtier lender also dropped to 34.33 bil­lion naira dur­ing the three-month pe­riod, against 34.69 bil­lion a year ear­lier, it said in a fil­ing with the Nige­rian Stock Ex­change.

Newspapers in English

Newspapers from Nigeria

© PressReader. All rights reserved.