Guaranty Trust Bank

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

Gross Earnings 

Gross earnings for the period grew by 1.2% to ₦110.3billion from ₦109.0billion posted in March 2018.

 

Profit before tax

Profit before tax increased from N52.6 billion in 2018 to N56.9 billion in 2019. This amounts to a 8.1% year on year increase.

Profit after tax

Profit after tax rose from N44.6 billion in 2018 to N49.3 billion in 2019. This amounts to a 9.5% increase year on year.

Earnings Per Share 

Earnings per share increased from N1.58 in 2018 to N1.74 in 2019. This amounts to a 10.1% increase year on year.

GUARANTY TRUST BANK Q1 2019 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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