Access Bank Plc H1 2017 Result Summary

August 24, 2017/Cowry Asset Research

Access Bank Plc yesterday released its audited half-year June 2017 results; Gross Earnings grew year-on-year by 41.70% to N246.58bn – mainly driven by 59.02bn income from foreign exchange trading and a 44.18% year-on-year increase in Interest income to N161.90bn. Profit before tax also expanded to N52.05bn from N43.99bn, an 18.31% increase. Consequently, Profit after Tax rose by 17.31% to N39.46bn from N33.64bn.
An interim dividend of 25kobo per ordinary share was proposed implying a dividend yield of 2.44%…click here for details.

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