Ac­cess Bank ex­plains late fil­ing of half year re­sult

Daily Trust - - BUSINESS -

The man­age­ment of the Ac­cess Bank Plc has no­ti­fied the Nige­rian Stock Ex­change (NSE) of late fil­ing of half-year re­sult for pe­riod ended June 30, 2016.

A state­ment is­sued by the com­pany’s sec­re­tary, Sun­day Ek­wochi, and chief finance of­fi­cer, Seyi Kuma­payi, said that the bank’s di­rec­tors would meet on July 28 to ap­prove bank’s half-year au­dited fi­nan­cial state­ment.

The state­ment said that the sought for ex­ten­sion of time to sub­mit its half-year au­dited fi­nan­cial state­ment on or be­fore Au­gust 31, 2016.

It would re­called that the Ac­cess Bank an­nounced its unau­dited re­sults for the pe­riod ended March 31, 2016, show­ing 42 per cent in­crease in profit af­ter tax.

The re­sult showed a gross earn­ings of N80.3bn in Q1 2016, up five per cent from N76.8bn in Q1 2015, with in­ter­est in­come and non-in­ter­est in­come con­tribut­ing 69 per cent and 31per cent, re­spec­tively.

Newspapers in English

Newspapers from Nigeria

© PressReader. All rights reserved.