FCMB : EARNINGFORCAST

GROUP EARNINGS FORECAST

FOR THE SECOND QUARTER ENDING 30 JUNE 2024

	N'000
Gross earnings	135,986,480
Interest income	116,341,836
Interest expense	(58,556,551)
Net interest income	57,785,285
Foreign Exchange Earnings	908,537
Securities Trading	3,692,726
Contingent Income	539,532
Transaction Commissions	13,111,034
Other Income	1,392,815
Net operating income	77,429,929
(Loan Losses)/Writebacks	(8,901,048)
Operating Expenses	(47,905,949)
Profit before taxation	20,622,932
Taxation	(1,786,328)
Profit after taxation	18,836,604

CASH FLOW FORECAST

FOR THE SECOND QUARTER ENDING 30 JUNE 2024

	N'000
Cash Flow from Operating Activities
Operating Cash Flow before Working Capital Changes	32,817,268
Working Capital Changes	157,213,160
Taxes	(128,866)
Net Cash Generated from Operating Activities	189,901,562
Net Cash Flow from Financing Activities	18,696,299
Net Cash Flow from Investing Activities	(77,717,524)
Net Increase/ (Decrease) in Cash and Cash Equivalent	130,880,336
Cash and Cash Equivalent Beginning of Qtr	675,198,617
Cash and Cash Equivalent End of the Qtr	806,078,953

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