Police microfinance bank records N1.34 billion profit before tax in 2022

NPF Microfinance Plc has reported a N1.34 billion profit before tax for 2022 financial year, indicating good performance when compared with the preceding year 2021

Accordkng to the audited financial results submitted to the Nigerian Exchange Limited (NGX), NPF Microfinance Plc recorded a significant increase in interest income which rose by 22.9% to N5.5 billion, up from N4.5 billion in 2021.

The company’s profit before tax grew by 28.4% to N1.34 billion in FY 2022, up from N1.03 billion recorded in 2021.

Profit after tax (PAT) grew by 24.7% to N882 million in 2022, compared to N707 million recorded the year before.

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