GTCO declares reports N169bn as profit in FY 2022, proposes N2.80 dividend to shareholders

Guaranty Trust Holding Company (GTCO) has declared a final dividend of N2.80 to its shareholders for the year ended 31 December 2022.

The financial institution in its audited report posted Gross Earnings of N539.235 billion for the 12 months period, up by 20.42% from N447.811 billion reported the previous year.

Profit after tax for the period under review was N169.17 billion, down by 3.24% from N174.84 billion reported the previous year.

Earnings per share of GTCO stands at N5.75.

At the share price of N24.40, the P/E ratio of GTCO stands at 4.24x with earnings yield of 23.56%.

Source: GTCO declares reports N169bn as profit in FY 2022, proposes N2.80 dividend to shareholders – StocksWatch (stocksng.com)

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