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Diamond Bank Plc, in its second quarter result for the period ended June 30 has declared profit of N9.9 billion as against N1.9 billion posted in the same period in 2011, showing an increase of 408.1 per cent.
With this, profit after tax of the bank grew to a fourfold raising its shares to close at N2.41 as at July 11.
Profit before tax also increased from N3.026 billion in second quarter of 2011 to N15.376 billion in the second quarter period of 2012.
Similarly, gross earnings of the bank rose by 48.5 per cent in the second quarter as it posted N64.769 billion compared to N43.615 billion in the corresponding period of 2011.
Its earning per share also increased from N35.37 in the second quarter of 2011 to N137.84 in the same period of 2012; representing an increase of 289.7 per cent.
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