Access Bank posts N253 billion Gross Earnings in H1’2018

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ACCESS BANK

Access Bank Plc, a leading financial institution in Nigeria released its half year result on Wednesday, 29th of August 2018.

The bank’s 2018 Half Year unaudited financial reports revealed a 2.62 percent growth in Gross Earnings, closing at N253 billion from the previous close of N246 billion in the first half of 2017.

The financial institution’s PAT grew from N39.4 billion in H1’17 to N39.6 billion H1’18

The earnings per share appreciated by 0.42 percent from previous year’s 1.36kobo to current year’s 1.37kobo.

The current period’s PE Ratio is at 6.9x; while the earnings yield stands at 14.4% with a reference price of N9.50 at the date of computation.

The bank proposed interim dividend of 25kobo for every share of 50 kobo to the shareholders to be approved subject to appropriate withholding tax.

Qualification Date is on Tuesday, September 11, 2018.

Closure of Register: the register of shareholders will be closed on Wednesday, September 12, 2018

Payment of dividend will be done electronically on Friday, September 2, 2018.

 

 

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