April 18, 2018

By InvestAdvocate

Lagos (INVESTADVOCATE)-Nigerian lender, Guaranty Trust Bank Plc (GTBank) on Wednesday said its profit went grew 7.7 percent to N44.67 billion in its first quarter (Q1) report for the period ended March 31, 2018 from N41.47 billion posted a year ago.

Profit before tax (PBT) of the bank increased 4.4 percent to N52.62 billion from N50.39 declared the same period of 2017.

Gross earnings went GTBank increased from N104.13 billion in the Q1 of 2017 to N108.97 billion in the review period of 2018; showing an increase of 4.6 percent, the lender said in a filing with the Nigerian Stock Exchange (NSE).

Shares of GTBank at the close of trading on the floor of the Nigerian bourse climbed up 0.57 percent to N44.35 from N44.10 recorded the previous day; thereby gaining 0.25 kobo per share.