Access Bank to pay 25kobo interim dividend, grew profit after tax by 59.05%

Access Bank Plc in its half year audited financial report for the period ended June 30, 2019 recorded a profit after tax (PAT) of N63.02 billion, implying a growth of 59.05% compared to the N39.63 billion recorded the previous year.

Gross Earnings was N324.4 billion, up by 28.2% against the previous close of N253.02 billion in half year 2018.

Profit before tax grew by 61.67%, to settle at N74.12 billion from the previous close of N45.84 billion the previous year.

Earnings per share for the period under review grew to N1.77 from the previous earnings per share of N1.11 in half year 2018.

With reference to the share price of N6.45, P.E ratio of Access Bank Plc stands at 3.64x with earnings yield of 27.44%.

The financial giant proposes the interim dividend of 25 kobo to shareholders which would be paid electronically on Thursday, October 3, 2019.

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