Q3 2022: Guaranty Trust Holding Company Plc Higher Income Tax Expense Pressures Profitability
Guaranty Trust Holding Company Plc (GTCO) has released its nine-month unaudited financial statements after market close on Tuesday, reporting a marginal increase (+0.2% y/y) in EPS for the period under review (9M-22: NGN4.55 vs 9M-21: NGN4.54) as the HoldCo’s higher income tax expense (+74.9% y/y) pressured the bank’s bottom-line.
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