GTCO Appreciates By N55.9bn As Market Cap Grows To N572.44bn
Posted By Town Crier News Nigeria
Published By Fitness Network Communications
GTCO Plc has appreciated by N55.9 billion after its market capitalization grew to N572.44 billion from N516.52 billion at the end of the week’s trading session.
Town Crier News Nigeria reports that the growth can be attributed to the increase in its share price, from N17.50 traded at the end of last week, to N19.45 at the close of business, reflecting an increase of 10.8%.
The bank’s financial statements for the period ended 30th September 2022 revealed a growth of 23.71% in net interest income from N68.94 billion as of Q3 2021 to N85.29 billion in the current period.
However, post-tax profit appreciated by 5.61% to N52.79 billion from N49.98 billion in the current period.