Segun Agbaje, CEO of GTBank

Guaranty Trust Bank has released its results for the half year ended June 2018. The bank also declared an interim dividend of N0.30 per share.

Here are key highlights of the result

Interest income

Interest income dropped from N165 billion in 2017 to N161 billion in 2018. This represents a 2.42% drop year on year.

Profit Before Tax

Profit before tax however increased from N101 billion in 2017 to N109 billion in 2018. This amounts to a 7.9% increase year on year.

Profit After Tax

Profit after tax also increased from N83.6 billion in 2017 to N95 billion in 2018. This represents a 13.6% increase year on year.

Earnings Per Share

Earnings Per Share increased from N2.96 in 2017 to N3.38 in 2018. This represents a 14.1% increase year on year.

Current Share Price

Guaranty Trust Bank closed at N39 in today’s trading session on the Nigerian Stock Exchange, down 0.38%

DOWNLOAD GUARANTY TRUST BANK H1 2018 RESULTS

 

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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