Guaranty Trust Bank has recorded 10.37% growth in its profit after tax (PAT) so far in 2019. The financial institution’s PAT grew from Q1’18’s N44.6 billion to N49.3 billion recorded in the current period of 2019.
The bank’s 2019 Q1 unaudited financial reports that was made public, on Wednesday, 17th of April, 2019 revealed 8.77% decline in Gross Earnings of N79.9 billion recorded in the same period the previous year of Q1’18 to N72.9 billion recorded in the current period under review
The earnings per share appreciated by 10% from previous Q1’18’s N1.52kobo to current year’s N1.68kobo.
The current period’s PE Ratio is at 3.88x; while the earnings yield stands at 25.77% with a reference price of N6.50 at the close of trading today April 17th, 2019.