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.
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.
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.