GTCO grows profit by 181.87% to N367bn

This was disclosed in the Unaudited Consolidated and Separate Financial Statements submitted to the Nigerian Exchange Limited on Tuesday.

The growth was driven by net interest income which rose by 56.85 per cent in the period under review to N297.54bn, Net fees and commission income rose by 17.71 per cent to N82.48bn. The lender’s foreign exchange revaluation gains also appreciated significantly as it moved from a loss position of N7.39bn as of September 2022 to a gain of N334.35bn.

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