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Business GTB Declares N53bn Profit Before Tax for First Half of 2014


L

LequteMan

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Guaranty Trust Bank plc according to #Punch newspaper has declared a profit before tax of N53.4bn for the first half of 2014, despite the challenges it faced.

The bank’s audited financial results for the half year ended June 30, 2014, which it file with the Nigerian and London Stock Exchanges on Thursday, showed that it recorded growth across major indices.

In the review period, #GTB grew its gross earnings by seven per cent to N132bn from the N124bn it osted for the corresponding period of 2013.

It profit before tax, however, dipped by seven per cent to N53.4bn from N57.4bn in the same period of the previous year.

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