GTBank Says 2015 Pretax Profit up 3.7%, Offers N1.52 Final Dividend

Segun Agbaja

By InvestAdvocate

Lagos (INVESTADVOCATE)-Nigeria’s dual listed lender, Guaranty Trust Bank Plc (GTBank) said on Monday its pretax profit for the period ended December 31, 2015 climbed up 3.7 percent to N120.69 billion from N116.38 billion recorded a year ago.

Similarly, profit after tax (PAT) increased 5.3 percent to N99.43 billion from N94.43 billion reported the same period of 2014.

Gross earnings grew from N278.52 billion in 2014 end to N301.85 billion in the review period of 2015; indicating a growth of 8.4 percent, the lender said in a filing with the Nigerian Stock Exchange (NSE).

Also, GTBank declared a final dividend of N1.52 (25 kobo interim) with a proposed payment date of April 5, 2016.

Click here to view extract of GTBanks audited IFRS Results for the year ended December 31, 2015

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