Q1’19: Access Bank reports 86% increase in Net Profit

Access Bank Plc has once again consolidated on its growth momentum, reporting a gross earning of N95billion which is about 9% higher than N87billion reported in same period in Q1 of 2018.

The company’s profit after tax (PAT) for the period under review stood at N41billion which is 86.05% above the N22billion reported last same period Q1’18

Access Bank PLC.is a leading full service commercial bank operating through a network of more than 600 branches and service outlets, spanning three continents, 12 countries and 29 million customers. The Bank employs 28,000 thousand people in its operations in Nigeria, Sub Saharan Africa and the United Kingdom, with representative offices in China, Lebanon, India and the UAE

 

With about 35biilion units of outstanding shares, the EPS of the Financial Institution closed the current period at N1.16 kobo when compared to N0.62 kobo reported for the comparative period of 2018, it represents 86.05% increase for the corresponding period.

As at when computed at a price of N6.05Access Bank PE Ratio stood at 5.23x with about 19.13% earnings yield.

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