GTCO grew post-tax profit by 181.87% in Q3 2023

Guaranty Trust Holding Company Plc (GTCO) on Tuesday published its Third Quarter report for the period ended 30 September 2023.

The financial institution achieved Gross Earnings of N850.33 billion for the 9 months period, up by 133.41% from N364.31 billion reported the previous year.

Profit after tax grew year on year by 181.87% to N367.42 billion from N130.35 billion reported the previous year.

Earnings per share of the Group stands at N12.48.

At the share price of N36, the P/E ratio of GTCO stands at 2.88x with earnings yield of 34.68%.

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