By InvestAdvocate

Lagos (INVESTADVOCATE)-Guaranty Trust Bank Plc (GTBank) has rewarded investors of the Bank with a 25 Kobo Interim Dividend for its Audited Half Year Ended June 2011. This was contained in the Result Announcement from the Bank to the Nigerian Stock Exchange (NSE) in Lagos Nigeria.

According to GTBank, closure date to members whose names appears on the Bank’s Register is August 26 2011 and payment date for the 25 Kobo dividend has been scheduled for September 09 2011.

A review of the Half Year Result of the Bank shows that Gross Earnings increased from N82.962 billion in the H1 of 2010 compared to N91.842 billion in the same period of year 2011; indicating an increase of 10.70 percent (10.70%) in the review period.

While Profit After Tax (PAT) also grew from N18.224 billion in the H1 of 2010 compared with N25.253 billion in year 2011; showing a growth of 38.57%.

Profit Before Tax (PBT) also rose from N25.722 billion in Half Year of 2010 compared to N31.900 billion in the Audited Half Year Ended June 2011; representing a rise of 24.01% in the period under review.

As earlier Reported, GTBank Plc in March 2011 announced a dividend of 75 kobo per share and a bonus of one ordinary share for every four ordinary shares held by its shareholders for its 2010 financial year.