GROUP EARNINGS FORECAST

FOR THE FIRST QUARTER ENDING 31 MARCH 2023

N'000

Gross earnings

79,343,048

Interest income

63,819,928

Interest expense

(31,139,311)

Net interest income

32,680,617

Foreign Exchange Earnings

678,637

Securities Trading

2,353,306

Contingent Income

313,129

Transaction Commissions

11,808,694

Other Income

369,354

Net operating income

48,203,737

(Loan Losses)/Writebacks

(5,510,224)

Operating Expenses

(33,108,556)

Profit before taxation

9,584,957

Taxation

(1,100,376)

Profit after taxation

8,484,581

CASH FLOW FORECAST

FOR THE FIRST QUARTER ENDING 31 MARCH 2023

N'000

Cash Flow from Operating Activities

Operating Cash Flow before Working Capital Changes

18,156,370

Working Capital Changes

24,227,802

Taxes

(48,866)

Net Cash Generated from Operating Activities

42,335,306

Net Cash Flow from Financing Activities

10,225,489

Net Cash Flow from Investing Activities

2,033,568

Net Increase/ (Decrease) in Cash and Cash Equivalent

54,594,363

Cash and Cash Equivalent Beginning of Qtr

668,982,525

Cash and Cash Equivalent End of the Qtr

723,576,888

Cash Flow forecasts for the Quarter not practically possible as the preceding Quarter is not ended yet.The numbers here are therefore estimates

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Fcmb Group plc published this content on 09 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 December 2022 09:22:03 UTC.