Guaranty Trust Bank

Guaranty Trust Bank Plc has released its results for the financial year ended December 2018. Here are highlights of the results. 

Gross Earnings

Gross earnings rose from N419.2 billion in 2017 to N434.7 billion in 2018. This represents a 3.7% growth year on year.  

Profit before tax

Profit before tax, however, rose from N197 billion in 2017 to N215 billion in 2018. This marks a 9.13% increase year on year. 

Profit after tax

Profit after tax rose from N167 billion in 2017 to N184 billion in 2018. This marks a 10.1% increase year on year. 

Earnings per Share

Earnings per share increased from N5.94 in 2017 to N6.54 in 2018. This marks a 10.1% increase year on year. 

Dividend per Share

The bank declared a final dividend of N2.45 per share, bringing total dividend payout for the year to N2.75.

GUARANTY TRUST BANK FY 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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