FCMB Plc released their 1st quarter result for the period ended October 31, 2007.The result was very good, as the bank must already be meeting up with the expectation of investors.

In the highlights of the result released, gross earnings for the period increased by 101 percent, from N10.88 billion in 2006 to N21.87 billion in 2007. Profit before tax was up 139.65 percent, from N2.82 billion in 2006 to N6.76 billion in 2007. Also, after tax profit increased from N2.23 billion in 2006 to N5.34 billion in 2007.

The company recently concluded a public offer and has its share price currently on technical suspension.