Guaranty Trust Bank garners 14.22 percent growth in Q2’18

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Guaranty Trust Bank has recorded 14.22 percent growth in its profit after tax (PAT) so far in 2018. The financial institution’s PAT grew from 2017’s N83.6 billion to N95.5 billion recorded in the current (2018) period.

The bank’s 2018 Half year financial reports that was made public, on Wednesday, 8 of August, 2018 revealed a mild 2.41 percent drop in Gross Earnings’ figure of N165 billion recorded in the same period the previous year to N161 billion recorded in the current period under review.

The earnings per share also grew by 14.22 percent from previous year’s N2.84kobo to current year’s N3.25kobo.

The current period’s PE Ratio is at 11.8x and the earnings yield at 8.41%.

An interim dividend of 30 kobo per ordinary share of 50 kobo subject to appropriate withholding tax was announced by the management of the bank.

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