By Financescape
Guaranty Trust Bank plc one of the leading Banks in Nigeria has released its Half-year financial account for the period ended June 30, 2019. According to the report, Revenue has dropped to N146.4 billion from N160 billion recorded in 2018. The Banks gross earnings drop to N221.9 billion in 2019 compared to N226.6 billion in the corresponding period in 2018.
Profit Before Tax stood at N115.8 billion in June 2019 up from N109.6 billion in 2018.
Profit after tax for the period stood at N99.133bn, up from N95.581bn in the corresponding period of 2018,
The Board is proposing an interim dividend of 30 kobos per share. the dividend will be paid to shareholders whose names appear on the Register of Members as on Monday, September 2, 2019. The dividend will, however, be payable to holders of the bank’s Global Depository Receipts (GDR) listed on the London Stock Exchange as of August 26, 2019. The payment date for the dividend is set for September 11, 2019.
