Guaranty Trust Bank on Wednesday released its audited financial result for the year ended 31 December 2018. The financial giant grew its Gross Earnings by 3.69% year on year to close at N434.7 billion against the previous close of N4.19 billion.
The Profit after Tax (PAT), grew by 9.96% to close at N184.6 billion against the previous close of N167.9 billion in 2017.
With about 29.43 billion share outstanding, the Shareholders’ earnings per share of Guaranty Trust Bank is currently N6.27.
At a reference price of N37.95, it traded on the released date of the full year 2018 report, the PE Ratio of Guaranty Trust Bank is 6.05x with earnings yield of 16.53%.
A Dividend of N2.45kobo 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 8, 2019.
The Register of Members will be closed from April 9, 2019. Qualification date is on April 8, 2019.