Diamond Bank shares falls 3 per cent

Diamond Bank fell 3.36 per cent on Monday after posting a pre-tax loss of N16.26 billion for the full year 2011, compared with a N4.72 billion profit in 2010.

Diamond Bank fell 3.36 per cent on Monday after posting a pre-tax loss of N16.26 billion for the full year 2011.

Diamond bank shares which slumped 74 per cent in 2011, had gained more than 20 per cent so far this year. Diamond Bank shares were trading at N2.28 per share at 11.43am on Monday.

Its gross earnings rose 5.84 per cent to N96.34 billion in 2011, the company said in a report.