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Home Business News

Access Bank releases H1 2018 results

Onome Ohwovoriole by Onome Ohwovoriole
August 29, 2018
in Business News, Company News
Access Bank and Union Bank, Access Bank, CBN, Creative Industry Financing Initiative, CIFI

Access Bank former logo and outlook before merger with Diamond Bank

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Access Bank Plc has released its results for the half year ended June 2018. The bank also declared an interim dividend of N0.25 (twenty five kobo) per share. Here are the highlights of the result.

Gross Earnings

Gross Earnings increased from N246 billion in 2017 to N253 billion in 2018. This represents a 2.8% increase year on year.

Profit Before Tax

Profit before tax dropped from N52 billion in 2017 to N45.8 billion in 2017. This represents a 11.9% decline compared to the corresponding period in 2017.

Profit After tax

Profit after tax increased slightly from N39.4 billion in 2017 to N39.6 billion in 2018. This represents a 0.5% increase year on year.

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Earnings Per Share

Earnings per share was flat at N1.38 per share unchanged from the comaprative period of 2017.

Current Share Price

Access Bank closed at N9.30 in today’s trading session on the Nigerian Stock Exchange.

DOWNLOAD ACCESS BANK H1 2018 RESULTS.


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Tags: Access BankH1 2018 financial results
Onome Ohwovoriole

Onome Ohwovoriole

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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