Guaranty Trust Holding Company Plc (GTCO) has announced a profit after tax of N258.03 billion for the first quarter ended March 31, 2025, despite a sharp decline in earnings.
The Q1 2025 figure represents a 43.54% drop from the N457.02 billion posted in the same period in 2024.
Gross earnings also declined by 23.1% year-on-year to N523.24 billion, compared to N680.45 billion in Q1 2024.
GTCO reported earnings per share of N7.84. At a market price of N65.40 per share, the company’s price-to-earnings ratio stands at 8.34x, with an earnings yield of 11.99%.
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