Results & Dividends

GTCO FY2021: NIR, low impairment charge support FY 2021 numbers amidst low yield

March 7, 2022/CSL Research GTCO’s FY 2021 AUDITED numbers showed an 11.3% y/y decline in Interest Income to N266.9bn, mainly on the back of a decline in yields on fixed income instruments. This came in 3.0% below our estimate of N275.2bn. Q/q, however, Interest Income grew marginally, up 4.2% in […]

2021: Dangote increases sugar production by 9.2% to 811,962 tonnes

March 7, 2022/Dangote Group For the full year ended December 31, 3021, the Management of Dangote Sugar has revealed that the group’s production volume increased by 9.2 percent to 811,962 tonnes in contrast to 743,858 tonnes, in the corresponding period of 2020. This volume was said to be achieved on […]

GTCO Plc Releases 2021 Full Year Audited Results…reports Profit Before Tax of ₦221.5billion

March 6, 2022/jspcommunications Guaranty Trust Holding Company Plc (“GTCO Plc” or “the Group”) has released its Audited Consolidated and Separate Financial Statements for the year ended December 31, 2021, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE).  The Group’s balance sheet remained well structured and resilient with […]