FCMB Group Plc, a leading financial group in Nigeria has released its earnings forecast for the first quarter ending 31 March 2021 with gross earnings estimate of N44.476 billion and profit after taxation of N3.531 billion.
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The profit forecast is 15.97% lower than the N4.202 billion for the third quarter 2020, according to WorlStage report.
While the group is projecting a foreign exchange earnings of N400.203 million in Q1 2021, it put its expected loan losses at N4.156 billion.
Cash and cash equivalent is estimated to improve to N584.278 billion at the end of the quarter from N562.793 billion at the beginning.
