GTBank Says Q3 2018 Post-Tax Profit Up 13.3% to N142.2 Billion

Image result for GTBank reports N40 billion on Q3 2017 by InvestAdvocate

October 17, 2018

By InvestAdvocate

Lagos (INVESTADVOCATE)-Nigeria’s top tier lender, Guaranty Trust Bank Plc (GTBank) said on Wednesday its post-tax  profit for the third quarter (Q3) period ended September 30, 2018 climbed up 13.3 percent to N142.2 billion from N125.6 billion recorded a year ago.

Similarly, pretax profit increased 9.5 percent to N164.2 billion in Q3 2018  from N150.0 billion reported the same period of 2017.

While gross earnings increased from N309.1 billion in the Q3 of 2017 to N337.2 billion in the review period of 2018; indicating a surge of 9 percent, the lender said in a filing with the Nigerian Stock Exchange (NSE).

Shares of GTBank at the close of Wednesday’s trading session on the local bourse appreciated 0.95 percent to N37.00 from N36.65 traded the previous session, gaining 0.03 kobo per share.

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