Access Bank posted N94 billion profit after tax in FY 2018

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Access Bank posted N94 billion profit after tax in FY 2018

 

Access Bank Plc has released its audited results for the 2018 financial year. Gross Earnings of the Bank increased from N459 billion in 2017 to N528 billion in 2018.

Profit before tax jumped from N78.1 billion in 2017 to N103 billion in 2018.

Profit after tax rose from N60 billion in 2017 to N94 billion in 2018.

Earnings per share rose from N2.08 in 2017 to N3.28 in 2018.

A final dividend of 25 kobo per ordinary share of 50k each is proposed to shareholders.This is subject to the deduction of the appropriate withholding tax and approval, which will be paid to Shareholders whose names appear in the Register of Members as at the close of business on April 11, 2019.

The Register of Members will be closed on April 12, 2019. Qualification date is on April 11, 2019.

 

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