Earnings Flash: GTCO Plc. Records 16% PAT Decline in HY’2021

Earnings Flash: GTCO Plc. Records 16% PAT Decline in HY’2021

GTCO Plc HY’2021 showed that interest income declined by 17.97% from N153.71 bn in HY’2020 to N126.09 bn in the current period. Net interest income went down by 16.11% from N127.62bn in HY’2020 to N107.06 bn in HY’2021. Profit before tax also declined by 15.18% from N109.71 bn in HY’2020 to N93.06 bn in the current period. Profit after tax went down by 15.76% from N94.27 bn in HY’2020 to N79.41 bn in the current period. Consequently, GTCO recorded a 16% fall in earnings per share from N3.32 in HY’2020 to N2.79 in HY’2021. The company proposed an interim dividend of N0.30. GTCO currently trades at N27.10

Please find here GTCO Plc HY’2021 result analysis

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