Access Bank Plc has published its audited results for the full year ended 31st December, 2019 reporting a final dividend of N0.40K after N115.38 billion profit before income tax which offset the increase in its gross earnings of N666.75 billion.

The company’s stock was among the best performing stocks despite the negative performance of the overall stock market in 2019 as its share price increased by 47.06% from N6.80 in 2018 to N10.00 as at December 31st, 2019.

Gross Earnings

The gross earnings as at December 31, 2019, stood at N666.75 billion as against the N528.74 billion which was recorded for the corresponding period for 2018. This shows a 26.10% increase in revenue.

The increase was as a result of revenue generated from four operational segments of the company: corporate & investment banking (N254.41 billion), commercial banking (N148.86 billion), business banking (N40.34 billion) and retail banking (N223.13 billion) which are derived from external customers.

Operating Cashflow...

Full Details at https://realnaira.com.ng/2020/03/access-bank-increases-dividend-by-60-after-97-billion-naira-profit/