FCMB Group forecast dim outlook for Q1 2021, pegs profit N3.5bn

FCMB appoints Olaiya executive director

First City Monument Bank (FCMB) Group has released its earnings forecast for the first quarter of next year, 2021. In the Q1 2021 forecast disclosed at the Nigerian Stock Exchange (NSE), the group maintained modest expectation as some of performance metrics are on the low side compared to its Q3 2020 numbers which happen to be the last performance report. While FCMB Group expects to post a profit before tax (PBT) of N4.2 billion in the period, it puts profit after tax (PAT) at N3.5 billion as it hopes to…

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