August 30, 2018

By InvestAdvocate

Lagos (INVESTADVOCATE)-Nigeria’s tier one lender, Access Bank Plc said on Wednesday its pretax profit for the half-year (H1) period ended June 3o, 2018 declined 11.9 percent to N45.84 billion from N52.04 billion recorded a year ago.

Post-tax profit of the lender inched up marginally 0.4 percent to N39.62 billion from N39.46 declared the same period 2017.

Gross earnings of Access Bank increased from N161.90 billion in 2017 H1 period to N186.68 billion in the review period of 2018, showing an increase of 15.3 percent, the lender in a filing with the Nigerian Stock Exchange (NSE).

Shares of Access Bank at the close of Wednesday’s trading session on the Nigerian bourse appreciated 2.15 percent to N9.50 from N9.30 recorded the previous session, gaining 0.20 kobo per share.

The bank proposed an interim dividend of .025 kobo per share; same amount paid last year and said qualification and closure dates has been scheduled for September 6 -7, 2018 respectively; while payment date is September 21, 2018.