Segun Agbaje, MD/CEO of Guaranty Trust Bank Plc
By InvestAdvocate
Click here to download Guaranty Trust Bank Plc 2016 Audited Report
Lagos (INVESTADVOCATE)-Nigeria’s tier one lender, Guaranty Trust Bank Plc on Wednesday said its pretax profit for the period ended December 31, 2016 climbed up 36.8 percent to N165.1 billion from N120.7 billion recorded a year earlier.
Post-tax profit of the bank also appreciated 33.1 percent to N132.3 billion from N99.4 billion declared the same period of 2015.
Gross earnings increased from N301.8 billion in 2015 to N414.6 billion posted the review period of 2016; GTBank said in a filing with the Nigerian Stock Exchange (NSE).
In its corporate action to the NSE, the lender proposed a final dividend of N1.75 kobo per share to its shareholders for the audited period ended December 31, 2016 compared to N1.52 kobo paid in 2015 end, bringing the total dividend in the review period to N2.00 per share. The N1.75 kobo dividend represents a dividend yield of c.7 percent based on Wednesday’s close price.
At the close of the trading session of the Nigerian bourse, shares of the bank dipped 0.31 percent to N25.87 from N25.95 traded the previous session losing 0.08 kobo per share.
