Access Bank Plc, presented its financials for the half-year ended June 30, 2013,
highpoint of which was the offer of 25 kobo interim dividend per share for
payment to shareholders whose names appear in the register as of September 4.
Dividend warrants will however be posted on September 17, 2013.
The dividend was
however despite the 20 per cent drop in profit after tax from N26.443 billion
in the corresponding period of 2012 to N21.097 billion.
Gross earnings for
the period also dropped to N104.127 billion from N109.959 billion; while profit
before tax fell to N26.090 billion from the previous N30.206 billion,
representing a drop of 14 per cent.
The bank’s loans
and advances portfolio grew by 13 per cent from N604.073 billion to N684.698
billion; total assets stood at N1.719 trillion from N1.745 trillion; just as
customer deposit rose by 7 per cent from N1.201 trillion to N1.279trillion.
Shareholders’ funds however rose slightly from N232.983 billion in 2012 to
N239.938 billion.
Meanwhile; trading
on the floor of the Nigerian bourse continued its downward movement on
Wednesday when equities capitalisation closed lower at N11.510 trillion after
depreciating by N67.509 billion as against N11.577 trillion recorded on
Tuesday.
The All-Share
Index also slipped by 213.17 basis points or 0.50 per cent to close at
36,345.33 points compared with 36,558.50 points recorded on Tuesday.
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