NPF Microfinance Bank Plc Announces Audited Earnings Results for the Year Ended 31 December, 2017
NPF Microfinance Bank Plc announced audited earnings results for the year ended 31 December, 2017. For the year, interest income was NGN 2,605,413,000 against NGN 1,997,486,000 a year ago. Net interest income was NGN 2,286,515,000 against NGN 1,774,006,000 a year ago. Net operating income was NGN 3,151,050,000 against NGN 2,661,883,000 a year ago. Profit before taxation was NGN 819,819,000 against NGN 803,440,000 a year ago. Profit for the year was NGN 631,890,000 against NGN 554,903,000 a year ago. Basic and diluted EPS was 28 kobo against 24 kobo a year ago. Net cash from operating activities was NGN 4,837,714,000 against net cash used in operating activities of NGN 325,625,000 a year ago. Acquisition of property and equipment was NGN 267,539,000 against NGN 201,806,000 a year ago.