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Home Business News

Access Bank makes record HY 2017 Earnings, declares interim dividend

Onome Ohwovoriole by Onome Ohwovoriole
August 24, 2017
in Business News, Company News
Access Bank makes record HY 2017 Earnings, declares interim dividend

Herbert Wigwe, Group Managing Director, Access Bank

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Access Bank, one of Nigeria’s top 5 commercial banks had gross earnings of N246 billion according to its HY 2017 results released yesterday to the Nigerian Stock Exchange. An increase from the N174 billion declared for the corresponding period in 2016. The bank also declared an interim dividend of 25 kobo per share.

Here is a highlight of the result:

                                        N                        N
                                       2016                    2017 

Gross Earnings                                            174,011,869                                    246,575,403
Profit Before Tax                                           43,993,069                                      52,048,768
Earnings Per Share (kobo)                                 117 kobo                                     138 kobo
Interim Dividend                                                  25 kobo                                       25 kobo

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Access Bank is currently trading at N10 as at 11.15am in today’s session on the Nigerian Stock Exchange (NSE).

Tags: Access Bank Plc News
Onome Ohwovoriole

Onome Ohwovoriole

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

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