GTBank

The Nigerian Stock Exchange on Wednesday released third quarter (Q3) result of Guaranty Trust Bank Plc for the period ended September 30, 2015 which showed a 15 per cent or N30.134 billion rise in gross earnings to N229.372 billion.

Profit before tax for the period also increased 14 per cent or N11.4 billion to N92.1 billion this was enhanced by 17 per cent growth to N172.963 billion from N148.187 billion in interest income for the period under review.

Profit for the period rose 13 per cent to 75.2 billion from N66.7 billion realized in the same period of 2014, as Basis Earnings per share grew 13 per cent or 3 kobo to N2.65 from N2.35.

Share performance of the bank however recorded a decline as it traded at N24.05 during the day’s session, 5 kobo or 0.21 per cent lower than its previous trading price of N24.10 per share.

By Pita Ochai

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