Investors snap up GTBank shares on impressive full year scorecards

Guaranty Trust Bank Plc (GTBank) on Wednesday March 6, 2019 released its audited financials for the year ended December 31, 2018.

The snapshot of the Group’s operating results for the year in review shows Gross Earnings grew to N434.698 billion from N419.226 billion in 2017.

The bank’s profit before income tax (PBT) increased to N215.586 billion, from a low of N197.685 billion in 2017; while after tax profit for the year increased to N184.639 billion from a low of N167.912 billion in 2017. GTBank Plc earnings per share (EPS) increased to 654kobo from 594 kobo in 2017.

At the stock market, GTBank shares recorded increased bargains which pushed the price higher by 35kobo or 0.93 percent, from N37.6 to N37.95. The stock has gained 10.2 percent year-to-date (ytd).

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During the 2018 financial year, the directors declared and paid an interim dividend of 30kobo per ordinary share on the issued capital of 29,431,179,224 Ordinary Shares of 50 Kobo each, for the half-year (H1) period ended June 30, 2018.

The directors recommend the payment of a final dividend of N2.45 kobo (only) per ordinary share of 50 kobo (bringing the total dividend for the financial year ended December 31, 2018 to N2.75kobo (2017: N2.70 kobo per share).