Thursday 11, November 2010 by
First Energy Bank announces record net profits of $10 million
First Energy Bank (FEB) has today announced a net income of $4 million for the third quarter of 2010, a significant improvement over last year's measure of $0.9 million for the same period. FEB also achieved a net profit of $10 million for the first nine months of 2010, marking a 55 per cent increase over the $6.5 million net profit the bank achieved during the same period in 2009. Additionally, FEB recorded a 23 per cent increase in gross income amounting to $28.2 million in 2010, as compared to 2009's gross income of $22.9 million for the same period.
