By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-Nigerian lender Guaranty Trust Bank Plc (GTBank) on Thursday said its post tax profit went down 10.2 percent from N49.014 billion in the half-year (H1) of 2013 to N44.008 billion in the review period of 2014 according to the bank’s filing to the Nigerian Stock Exchange (NSE).

Similarly, pretax profit dropped 6.9 percent from N57.364 billion in the HI of 2013 to N53.396 billion in the HI period of 2014.

However, gross earnings of the lender increased slightly 7.1 percent from N124.202 billion in the half-year period of 2013 to N132.985 billion in the corresponding period of 2014.

The lender also declared an interim dividend of 25 kobo to its shareholders and said closure date has been scheduled for September 08, 2014; while payment date is September 18, 2014.

At the close of trading on the Nigerian bourse, share price of the bank declined 0.62 kobo as it opened N29.50 and closed N28.88; declining by 2.10 percent