Access Bank Plc has released its results for the half year ended June 2018. The bank also declared an interim dividend of N0.25 (twenty five kobo) per share. Here are the highlights of the result.
Gross Earnings
Gross Earnings increased from N246 billion in 2017 to N253 billion in 2018. This represents a 2.8% increase year on year.
Profit Before Tax
Profit before tax dropped from N52 billion in 2017 to N45.8 billion in 2017. This represents a 11.9% decline compared to the corresponding period in 2017.
Profit After tax
Profit after tax increased slightly from N39.4 billion in 2017 to N39.6 billion in 2018. This represents a 0.5% increase year on year.
Earnings Per Share
Earnings per share was flat at N1.38 per share unchanged from the comaprative period of 2017.
Current Share Price
Access Bank closed at N9.30 in today’s trading session on the Nigerian Stock Exchange.