April 28, 2014 / 12:05 PM / in 4 years

Nigeria's Skye Bank says Q1 profit down 25.5 pct

LAGOS, April 28 (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 mid-tier 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.

$1 = 160.84 naira Reporting by Chijioke Ohuocha; Editing by Mark Potter

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