GTCO hits N1.39trn Gross Earnings in Half Year 2024, grows PAT by 222.86%

  • Shareholders to receive N1 interim dividend

Guaranty Trust Holding Company Plc (GTCO) has declared an interim dividend of N1 to its shareholders for the period ended 30 June 2024. The Audited report of the Financial Institution shows significant growth in its top line and bottom line figures.

The Group reported Gross Earnings of N1.393 trillion for the 6 months period, up by 107.04% from N672.6 billion reported in Half Year 2023.

Profit after tax of N905.567 billion was achieved for the 6 months period, up by 222.86% from N280.482 billion reported the previous year.

With the Shares Outstanding of 29,431,179,224, earnings per share (EPS) of GTCO stands at N30.77.

At the share price of N45.45, the P/E ratio of GTCO stands at 1.48x with earnings yield of 67.70%.

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