Q1: GTCO Plc reports 587.5% increase in Profit Before Tax

0
17


Guaranty Trust Holding Company Plc in its released its Unaudited Consolidated and Separate Financial Statements for the period ended March 31, 2024, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE) has reported profit before tax of N509.3 billion, representing an increase of 587.5 percent over N74.1billion recorded in the corresponding period ended March 2023.

The Group’s loan book (net) increased by 21.9 percent from N2.48 trillion recorded as at December 2023 to N3.02 trillion in March 2024, while deposit liabilities increased by 26.0 percent from N7.55 trillion in December 2023 to N9.51 trillion in March 2024.

The Group’s balance sheet remained well…



Source: Nigerian Tribune