GTCO Plc’s Post Tax Profit Drops By 2.34% In H1 2022
The post-tax-profit has depreciated by 2.34% to N77.56 billion from N79.41 billion in the first half of 2022.
NewsBeatng reports that this was revealed in its H1 2022 financial result.
The financial result revealed 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.
GTCO Plc appreciated by N29.43 billion after its market capitalization grew to N528.29 billion from N498.86 billion at the end of the week’s trading session.
The growth can be attributed to the increase in its share price, from N16.95 traded at the end of last week, to N17.95 at the close of business, reflecting an increase of 5.90%.