Access Bank Plc has released its results for the first quarter ended in March 2019. Here are key highlights of the results
Gross Earnings
Gross earnings rose from N137 billion in 2018 to N160 billion in 2019. This amounts to a 16% increase year on year.
Profit before tax
Profit before tax increased from N27.2 billion in 2018 to N45.1 billion in 2019. This amounts to a 66% increase year on year.
Profit after tax
Profit after tax jumped from N21.9 billion in 2018 to N41.1 billion in 2019. This amounts to an 88% increase year on year.
Earnings per share
Earnings per share also rose from N0.77 in 2018 to N1.39 in 2019. This amounts to an 81% increase year on year.
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Lol, PPE doubled, but depreciation only moved N1b ? Ok, mo ti gbo.