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 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%