GTCO grows PAT by 34.62% to N58.17bn in Q1 2023

Guaranty Trust Holding Company Plc on Friday published its first quarter report for the period ended 31 March 2023.

The report shows year on year growth in the Company’s top line and bottom line figures.

The Financial Institution achieved Gross Earnings of N158.093 billion, up by 32.19% from N119.593 achieved the previous year.

Profit after tax grew year on year by 34.62% to N58.167 billion from N43.208 reported in Q1 2022.

Earnings per share of GTCO for the period under review stands at N1.98.

At the share price of N24.85, the P/E ratio of GTCO stands at 12.57x with the earnings yield of 7.95%.

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