FCMB : EARNINGFORCAST

GROUP EARNINGS FORECAST

FOR THE SECOND QUARTER ENDING 30 JUNE 2023

	N'000
Gross earnings	89,178,851
Interest income	72,302,838
Interest expense	(37,743,500)
Net interest income	34,559,338
Foreign Exchange Earnings	764,201
Securities Trading	3,647,079
Contingent Income	340,790
Transaction Commissions	11,461,527
Other Income	662,417
Net operating income	51,435,352
(Loan Losses)/Writebacks	(5,571,768)
Operating Expenses	(34,953,952)
Profit before taxation	10,909,632
Taxation	(1,072,457)
Profit after taxation	9,837,175

CASH FLOW FORECAST

FOR THE SECOND QUARTER ENDING 30 JUNE 2023

	N'000
Cash Flow from Operating Activities
Operating Cash Flow before Working Capital Changes	19,585,455
Working Capital Changes	68,134,146
Taxes	(98,857)
Net Cash Generated from Operating Activities	87,620,744
Net Cash Flow from Financing Activities	9,065,581
Net Cash Flow from Investing Activities	(14,115,395)
Net Increase/ (Decrease) in Cash and Cash Equivalent	82,570,929
Cash and Cash Equivalent Beginning of Qtr	671,706,331
Cash and Cash Equivalent End of the Qtr	754,277,261

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