GTBank profits after tax appreciates by 6.6% to reach US$540m

NIGERIA – Guaranty Bank Trust Plc has declared a profit after tax of N196.85bn (about US$540.05 million) for the financial year ended December 31, 2019. GTBank said that this represented a growth of 6.6 percent when compared to the N184.71bn (US$506.75 million) reported in 2018. Punch Nigeria reported that based on the 2019 result, the lender has declared a final dividend of N2.50 per ordinary share of 50 kobo. This brings the total dividend for the financial year ended December 31, 2019 to N2.80 kobo, compared to  N2.75 kobo per…

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