GTCO’s quarterly profit falls to N151.91bn

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Guaranty Trust Holding Company Plc has reported a profit before tax of N151.91bn for the third quarter of 2021, down 9.23 per cent from N167.35bn in the same period of last year.

The holding company for Guaranty Trust Bank Limited said its revenue dropped by 3.46 per cent to N214.77bn in Q3 2021 from N222.47bn in the same period a year earlier.

Its unaudited financial statements for Q3 2021 filed with the Nigerian Exchange Limited on Tuesday showed that its earnings per share also dropped to N4.54 from N5.02.

GTCO, however, grew its assets from N4.94tn to N5.14tn, while cash and cash equivalents rose to N757.75bn from N592.66bn.

SOURCE: PUNCH

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