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    2007 Q1results

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    Oladipupo Mayowa Paul
    The bank saw an 88% increase in gross earnings to N9,994,699 and a 137% increase in profit before tax to N3,322,797 for the three months ending July 2007 compared to the same period the previous year. Taxation was N664,559 lower at N294,409. Profit after tax increased by 126% to N1,107,537 from N2,658,237 in the prior period. The board is confident the positive trends will continue barring any unforeseen circumstances.

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    2007 Q1results

    Uploaded by

    Oladipupo Mayowa Paul
    55 views1 page
    The bank saw an 88% increase in gross earnings to N9,994,699 and a 137% increase in profit before tax to N3,322,797 for the three months ending July 2007 compared to the same period the previous year. Taxation was N664,559 lower at N294,409. Profit after tax increased by 126% to N1,107,537 from N2,658,237 in the prior period. The board is confident the positive trends will continue barring any unforeseen circumstances.

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    The bank saw an 88% increase in gross earnings to N9,994,699 and a 137% increase in profit before tax to N3,322,797 for the three months ending July 2007 compared to the same period the previous year. Taxation was N664,559 lower at N294,409. Profit after tax increased by 126% to N1,107,537 from N2,658,237 in the prior period. The board is confident the positive trends will continue barring any unforeseen circumstances.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    55 views1 page

    2007 Q1results

    Uploaded by

    Oladipupo Mayowa Paul
    The bank saw an 88% increase in gross earnings to N9,994,699 and a 137% increase in profit before tax to N3,322,797 for the three months ending July 2007 compared to the same period the previous year. Taxation was N664,559 lower at N294,409. Profit after tax increased by 126% to N1,107,537 from N2,658,237 in the prior period. The board is confident the positive trends will continue barring any unforeseen circumstances.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    GROSS EARNINGS

    PROFIT BEFORE TAX


    TAXATION
    PROFIT AFTER TAX
    Variance %
    Three Months
    May 2007 - July 2007
    Three Months
    May 2006 - July 2006
    N000
    9,994,699 5,307,442
    3,322,797 1,401,946
    (294,409) (664,559)
    1,107,537 2,658,237
    88
    137
    126
    140
    N000
    RC: No.46713
    FOR THE THREE MONTHS ENDED JULY 31, 2007
    UNAUDITED GROUP INCOME STATEMENT
    MRS. OLAJUMOKE BAKARE
    COMPANY SECRETARY
    My Bank and i
    MyClassic MyGold MyWheels MyShares MyHome
    My Bank and i
    www.firstcitygroup.com
    The bank recorded an increase of 88% in Gross Earnings to N9,994,699 and 137% in Profit Before Tax to
    N3,322,797 over the same period of the last financial year. The Board of Directors is Confident that
    barring unforseen circumstances, the current trend will continue.

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