Business - Companies
Updated: September 15, 2022

Access Holdings Records N591.8 Billion Profit

By Felicia Abisola Olamiji
September 15, 2022
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For the half year 2022, Access Holdings Plc has recorded a gross earnings of N591.803 billion representing a growth of 31.42% compared to what was recorded in corresponding period of 2021

This was revealed in the company's financial report submitted to the Nigeria Exchange Limited.

According to the results, the bank’s profit before tax rose marginally by 0.42% to N97.791 billion from N97.379 billion reported in 2021.

Profit after tax rose by 2.21% from N86.819 recorded in 2021 to N88.739 billion

Interest income increased by 22.51% to N342.530 billion from N279.594 billion recorded in the half year of 2021.

During the period under review, the Board of Directors proposed interim Dividend of 20 Kobo per ordinary share of 50 Kobo 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.