GTCO reports N43.21bn as profit in Q1 2022

Guaranty Trust Holding Company on Tuesday published its First Quarter report for the period ended 31 March 2022.

The Holding Company for the 3 months period recorded Gross Earnings of N119.59 billion, up by 12.65% from N106.17 billion recorded the previous year.

Profit after tax of N43.21 billion was reported for Q1 2022, down by 5.13% from N45.55 billion reported in Q1 2021.

Earnings per share of GTCO stands at N1.47, down by 5.13 from the EPS of N1.55 achieved the previous year.

At the share price of N24.25, the P/E ratio of GTCO stands at 16.52x with earnings yield of 6.05%.

Source: GTCO reports N43.21bn as profit in Q1 2022 – StocksWatch (stocksng.com)

Related Posts

07

Feb
Business & Economy

Consolidated Hallmark Holdings Plc grows profit by 513.7% to N23.13bn in Q4 2024

The Unaudited Financial Statements of Consolidated Hallmark Holdings Plc for the year ended 31 December 2024 revealed significant growth in the Company’s revenue and profit after tax. Gross Earnings of N28.17 billion was achieved for the 12 months period, up by 340.17% from the Gross Earnings of N6.4 billion recorded the previous year. Profit after tax of […]

07

Feb
Business & Economy

Fidelity Bank Plc increases share capital to N36.7bn

Fidelity Bank Plc has notified the Nigerian Exchange and the investing public that it has increased its issued share capital from N26.7 billion to N36.7 billion by creation of 20 billion additional Ordinary Shares of 50 kobo each. At the recently concluded Extra-Ordinary General Meeting, the board has been authorised to raise additional capital up to the[…]