Access Bank profit after tax jumps 86% to N44.1 billion in Q1 2019

Access Bank Plc has released its results for the first quarter ended in March 2019. Here are key highlights of the results

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 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 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 also rose from N0.77 in 2018 to N1.39 in 2019. This amounts to an 81% increase year on year.

Access Bank profit after tax jumps by 86% in Q1 2019