Tag Archives: Profit

SunTrust Bank Nigeria Limited, one of Nigeria’s fastest growing commercial banks, has declared a profit before tax of N1.5bn for the year ended December 31st 2022. This is contained in the bank’s 2022 audited financial result published on the bank’s website. This represents a 195.6 per cent growth in the bank’s profit before tax compared to FY 2021 results. While ...

Guaranty Trust Holding Company (GTCO) Plc, the holding company for Guaranty Trust Bank and other subsidiaries, recorded marginal decline in profitability in 2022 as pre-tax profit dropped to N214.2 billion. Key extracts of the audited report and accounts of GTCO for the year ended December 31, 2022 released at the weekend showed that group profit before tax dipped by 3.3 ...

Fidelity Bank Plc has announced an impressive growth in Profit Before Tax to N52billion for the Full Year 2022. This was made known in its unaudited statement of account presented to the Nigerian Exchange (NGX) on Wednesday, 31 January 2023. According to the regulatory filing, the bank grew Gross Earnings by 33.9% to N335.897billion (from N250.774billion in FY 2021). Net ...

Sterling Bank Plc delivered an N5.4 billion profit for Q3 2022, marking a 43% increase from the N3.8 billion profit reported in the comparable period last year. The company’s latest earnings report, seen by Nairametrics, shows that net interest income grew by 25% to N21 billion from the N16.7 billion recorded for Q3 2021. During the period under review, Sterling ...

Union Bank of Nig Plc has announced its full-year financial result as a group which revealed a profit of N16.92 billion in 2021. This reflects a 9.39% decrease year on year. The top commercial bank also reported earnings per share of N0.66, a 0.22% decline from the N0.85 reported a year earlier. The statement revealed that in FY 2021, interest ...

Neimeth International Pharmaceuticals Plc regained strong growth momentum in the second quarter of its current business year as significant growth in sales and improved cost efficiency reversed the loss in the previous quarter with a net profit of N207.1 million. Key extracts of the interim report and accounts of Neimeth for the second quarter ended March 31, 2021, released at ...

GTBank, has released its 2020 Audited results for the period ended December 31st, 2020, and reported its profit after tax grew by 2.3% to N201.4 billion. The Tier-1 bank’s bottom-line increase reflected FX revaluation gains in the last quarter of 2020 and steady quarterly net interest income. Guaranty Trust Bank proposed a final dividend of N2.70 per share, translating to ...