Home Business BREAKING NEWS: GTBank Reports 7.4% Increase in Profit Before Tax to N231.7bn

BREAKING NEWS: GTBank Reports 7.4% Increase in Profit Before Tax to N231.7bn

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Guaranty Trust Bank Plc (GTBank) plc has announced 7.4per cent increase in profit before tax to N231.7 billion in audited result and accounts’ for full year ended December 31, 2019.

The lender had reported N215.59billion profit before tax in audited result and accounts’ for full year ended December 31, 2018.

The result filed on the Nigerian Stock Exchange (NSE) website on Monday showed profit after tax also gaining 6.6 per cent to N196.87 billion in 2019 from N184.7 billion reported in 2018.

The management proposed had declared and paid an interim dividend of 30 kobo per ordinary share on the issued capital of 29,431,179,224 Ordinary Shares of 50 Kobo, for the half-year period ended June 30, 2019.

The Directors recommend the payment of a final dividend of N2.50k per ordinary share of 50 Kobo bringing the total dividend for the financial year ended December 31, 2019 to N2.80k (2018: N2.75k per share).

…more details later

 

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