BREAKING: GTCO declares N433.20bn PBT in nine months

Ayo AdemolaOctober 24, 2023

Less than a minute

Guaranty Trust Holding Company Plc (GTCO) on Tuesday released its nine months ended September 30, 2023 unaudited results with N433.20 billion profit before tax, an increase of 155.24 per cent from N169.72. billion reported in nine months ended September 30, 2022.

The Holdings on Nigerian Exchange Limited (NGX) declared N367.42billion profit in nine months of 2023, an increase of 181.9per cent from N130.35billion reported in nine months of 2022.

The drives of GTCO’s profits in the period under review include, N850.33billion gross earnings in nine months of 2023, an increase of 133.33 peer cent from N364.43billion in nine months of 2022 and N334.35billion foreign exchange revaluation foreign exchange revaluation loss of about N7.4billion reported in nine months of 2022.

…This is a developing story