RIPPLES NIGERIA
Access Holdings Plc, the parent company of Access Bank, recorded N152.90 billion net profit for the period of 2022, earnings report released on Thursday disclosed.
This is a -4.49 per cent decline when the N152.90 billion profit after tax is compared to the N160.09 billion net profit posted in the same period in 2021.
Access Holdings’ profit before tax was down as well during the period in review, falling by 5.04 per cent to N167.68 billion, which is N8.9 billion lower than the N176.58 billion reported in the preceding year.
The company’s 42.8 per cent growth in gross earnings failed to save Access Holdings’ net profit depreciating between…
