C&I Leasing grows gross earnings by 6% to N12.4bn - The gross earnings of C&I Leasing plc has increased by 6 percent to N12.4 billion in 2013, from N11.8 billion recorded in 2012. The group also saw its profit before tax surge by 69 percent from N181 million in 2012, to N305 million in 2013. The companys shareholders fund and total assets increased by 7 percent and 3 percent from the preceding year of 2012, to N6 billion and N20.7 billion, respectively in 2013, while the it also recorded a growth of 4 percent and 2 percent from the preceding year of 2012, to N5.1 billion and N21.9 billion in 2013 for the shareholders fund and total assets, respectively. Revealling this at the companys 23rd annual general meeting in Lagos, Abdul Bello, chairman, C&I Leasing, maintained that despite a challenging operating environment the group witnessed growth in terms of earnings, profitability and assets quality, adding that the firms continued focus on efficiency across its diversified platform was yielding returns, especially in its core business rather than revenue.
Posted on: Tue, 19 Aug 2014 09:19:51 +0000
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