Access Bank H1 earnings up 22.3%, declares N0.25 dividend
Nigeria’s Access Bank plc has reported gross earnings of N396.76 billion for the first half of 2020, representing a growth rate of 22.31 percent compared with the N324.37 billion posted in the corresponding period of last year.
The top tier bank said in a regulatory filing that its profit before tax also climbed to N74.31 billion in the first half of the year against N72.96 billion recorded in the previous year to June 30.
Its profit after tax, however, declined marginally by -1.35 percent to N61.03 billion from N61.87 billion in the previous year.
The lender has declared an interim dividend of N0.25 naira per shares for its shareholders from the profit from its operations in the first half of 2020.
Access Bank financial statement for six months to June 30, 2020
|Access Bank Plc||June 30, 2020||June 30, 2019|
|Gross earnings||N396,757,240 million||N324,375,797 million|
|Profit before tax||N74,306,223 million||N72,964,975 million|
|Profit for the period||N61,034,794 million||N61,873,675 million|
- The Board of Directors proposed interim Dividend of 25 Kobo per ordinary share of 50 Kobo each (HY2019: 25Kobo) each on the 35,545,225,622 issued ordinary shares of 50k each payable to shareholders on the register of shareholding at the closure date. Withholding tax was deducted at the time of payment.