FCMB group has released its financial results for the first quarter of the 2023 financial year, reporting an increase in revenue to N9.29 billion from N5.17 billion for 2022.
Gross earnings increased to N87.43 million from N58.3 million compared to last quarter while operating loss rose significantly to N736 million from the N560 million recorded last year.
Key details of the audited financial report are summarized below.
1st quarter 2023: N9.29 billion
4th quarter 2022: N5.17 billion
1st quarter 2023: N87 million
4th quarter 2022: N58.3 million
1st quarter 2023: N3.10 billion
4th quarter 2022: N2.98 billion
1st quarter 2023: N2.77 billion
4th quarter 2022: N2.70 billion
1st quarter 2023: N119 million
4th quarter 2022: N65 million