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Nigeria's Fidelity Bank H1 pretax profit drops 15.7 pct
July 30, 2014 / 12:51 PM / 3 years ago

Nigeria's Fidelity Bank H1 pretax profit drops 15.7 pct

LAGOS, July 30 (Reuters) - Nigeria’s fidelity Bank said on Wednesday its half year to June pre-tax profit dropped 15.7 percent to 9.43 billion naira ($58.26 million) compared with 11.19 billion naira in the same period last year.

Gross earnings in the second tier lender however rose to 63.25 billion naira, from 62.90 billion naira a year earlier, the bank said in a filing with the Nigerian Stock Exchange. ($1 = 161.85 Naira) (Reporting by Oludare Mayowa; Editing by Tim Cocks; Editing by Tim Cocks)

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