GTCO Plc has depreciated by N35.32 billion after its market capitalization declined to N544.48 billion from N579.79 billion at the end of the week’s trading session.
NewsBeatng reports that the decline could be attributed to the decrease in its share price, from N19.70 traded at the end of last week, to N18.50 as at close of business, reflecting a decrease of 6.09%.
The H1 2022 financial result revealed that the Group reported a growth of 14.64% in net interest income from N102.34 billion recorded in the corresponding period of 2021 to N117.33 billion in the current period.
However, post-tax profit depreciated by 2.34% to N77.56 billion from N79.41 billion in the current period.
