Access Bank Plc has released its half-year financial results for the period ended Sunday, June 30, 2019.

In its H1 2019 financial statements published earlier on the Nigerian Stock Exchange (NSE) website, lender disclosed that it experienced a 59% increase in its profit after tax.

Highlights of the financial results below:

Gross Earnings: The bank’s gross earnings for the period stood at N324.3 billion, compared to N253 billion recorded in 2018, representing a 28.1% increase.  

[READ MORE: Presco’s half-year revenue dips by 9.5%] 

Profit Before Tax: This increased by 61.6% to N74.1 billion during the period under review, compared to N45.8 billion recorded in June 2018.    

Business day

Profit After Tax: Similarly, the bank’s profit after tax stood at N63 billion as against N39.6 billion recorded in the same period in June 2018, representing a 59% increase.  

Earnings Per Share (EPS) grew to N1.94K, up from N1.38K in the comparable period in 2018.  

[READ ALSOFY 2018: Dangote Sugar Plc’s profit drops by 44.8%] 

Deal book 300 x 250
Deal book 300 x 250

 

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Famuyiwa Damilare is a trained journalist. He holds a Higher National Diploma (HND) in Mass Communication at the prestigious Nigerian Institute of Journalism (NIJ). Damilare is an innovative and transformational leader with broad-based expertise in journalism and media practice at large. He has explored his proven ability in the areas of reporting, curating and generating contents, creatively establishing social media engagements, and mobile editing of videos. It is safe to say he’s a multimedia journalist.

1 COMMENT

  1. Access Bank is becoming a phenomenal success in it’s bold step to become a lender of huge significant value .
    One is proud of its development and growth
    The board and management are applauded but the need to do more certainly cannot be over emphasized .
    Well-done .
    Ola

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