FDH Bank Plc has issued a revised trading statement, significantly raising its profit after tax projections for the year ending 31 December 2024. The bank now expects profits to close within a range of K72.9 billion to K75.2 billion, marking a notable increase of 105% to 111% compared to the K35.6 billion reported in FY2023.
This revision follows an earlier statement issued on 20 December 2024, where profits were projected to be between K59.2 billion and K62.5 billion, representing a growth of 66% to 75% year-on-year.
Key Highlights
- Revised Profit Range: MK72.9 billion to MK75.2 billion.
- Previous Profit Projection: MK59.2 billion to MK62.5 billion.
- FY2023 Profit After Tax: MK35.6 billion.
- Growth: 105% to 111% year-on-year.
Investor Outlook
This development highlights the bank’s growing profitability and positions it as one of the leading performers in Malawi’s financial sector. With this upward revision, FDH Bank Plc reinforces its commitment to delivering value to shareholders.
Stay tuned to Investas Insights for further updates and detailed financial analyses.
