GTCO reports N129.4bn as profit in nine months

Guaranty Trust Holding Company (GTCO) on Tuesday published its third quarter report for the period ended, 30 September 2021.

The Holding Company recorded Gross Earnings of 318.51 billion, down by 3.47% from N329.94 billion achieved the previous year.

Profit after tax of N129.4 billion was declared for the nine months period, down by 9.05% from N142.28 billion profit declared in Q3 2020.

Earnings per share declared by 9.05% to N4.40 from the EPS of N4.83 achieved the previous year.

At the share price of N28.5, the P.E ratio of GTCO stands at 6.48x with earnings yield of 15.43%.

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