GTCO grows profit by 261.65% in Q2 2023, declares 50 kobo interim dividend
Guaranty Trust Holdings Company Plc has declared an interim dividend of 50 kobo to its shareholders for the period ended 30 June 2023.
The financial institution achieved significant growth in its top line and bottom line figures for the period under review, year on year.
Gross Earnings of N672.6 billion was recorded for the 6 months period, up by 181.08% from N239.29 billion reported the previous year.
Profit after tax grew year on year by 261.65% to N280.48 billion from N77.56 billion achieved the previous year.
Earnings per share of GTCO stands at N9.53.
At the share price of N38, the P/E ratio of GTCO stands at 3.99x with earnings yield of 25.08%.
Qualification date for the interim dividend is September 14, 2023.
The Register Shareholders will be closed on September 15, 2023.
On September 25, 2023, dividend will be paid electronically to Ordinary Shareholders whose names appear on the Register of Members as at September 14, 2023, and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts.