Business

GTCO rakes in N169.7bn profit in 9 months

Guaranty Trust Holding Company (GCTO) Plc has recorded a profit before tax of N169.7 billion for the first nine months of 2022.

The Group recorded N151.9 billion in the corresponding period ended September 2021.

The company paid N39.3 billion as taxes for the period while profit after tax stood at N130.3 billion.

In its Audited Consolidated and Separate Financial Statements for the period ended September 30, 2022, sent to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE) on Tuesday October 25, the Group’s total assets rose to N5.8 trillion from N5.4 trillion in the corresponding period in 2021 while the shareholders’ funds closed at N872.8 billion.

Details later…

The Star

Editor

Recent Posts

‘It’ll guarantee access to essential medicines’: Senate raises Basic Health Care Fund to 2%

The Senate on Thursday approved the increased funding for Nigeria’s Basic Health Care Provision Fund…

7 hours ago

16 UNILORIN graduates set new record, bag first class in Law School

No fewer than 16 law graduates of the University of Ilorin (UNILORIN) made first class…

8 hours ago

Dangote Refinery exports 1.1bn litres of jet fuel to Europe, covers 95% of Nigeria’s supply — AON

The Airlines Operators of Nigeria (AON) has described the Dangote Petroleum Refinery and Petrochemicals as…

9 hours ago

Kogi fraud trial: Witness reveals how billions were converted to dollars for Bello associate

A Bureau de Change operator on Thursday narrated before a federal high court in Abuja…

9 hours ago

Davido’s father donates N500m to Odun security trust fund

Long before his son Davido became one of Africa's biggest music exports, Dr Deji Adeleke…

10 hours ago

Tinubu holds closed-door meeting with APC govs at Aso Rock

President Bola Tinubu is meeting with All Progressives Congress governors at the Aso Rock Presidential…

10 hours ago

This website uses cookies.