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GTBank Announces N142b PAT, N5.03k EPS in Q3 2018

By Modupe Gbadeyanka

Guaranty Trust Bank (GTBank) Plc has again shown that it is one of the best managed corporate organisations in Nigeria with the impressive third quarter results it released on Wednesday, October 17, 2018 to the Nigerian Stock Exchange (NSE).

The lender, in the financial statements, posted a profit before tax of N164.2 billion compared with the N150 billion it declared in the same period of 2017, representing a 9 percent growth in the period under consideration.

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Also, its profit after tax increased by 13 percent to N142.2 billion from N125.6 billion recorded exactly a year ago.

according to the firm’s earnings analysed by Business Post, GTBank declared an operating income of N266.1 billion against N240.4 billion 12 months ago, while the net interest income dropped to N170.6 billion from N19.6 billion, with the non-interest income growing to N99.7 billion from N61.6 billion.

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Also, the operating expenses jumped by 13 percent to N101.8 billion from N90.4 billion.

In the financial results, the financial institution grew its earnings per share (EPS) to N5.03k from N4.44k.

View the full financial statements below

http://www.nse.com.ng/Financial_NewsDocs/23937_GUARANTY_TRUST_BANK_PLC._FINANCIAL_STATEMENTS_OCTOBER_2018.pdf

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Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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