GT Holding Company Plc’s share price has depreciated by N5.89 billion after its market capitalization declined to N582.73 billion from N588.62 billion at the end of the week’s trading session.
Market Analysts argued that the decline can be attributed to the decrease in its share price, from N20 traded at the end of last week, to N19.8 as at close of business, reflecting a decrease of 1.0%.
Distinct news reports that the Q1 2022 financial result revealed that the Group reported a growth of 9.10% in net interest income from N52.43 billion recorded in the corresponding period of 2021 to N57.20 billion in the current period.
However, post-tax profit depreciated by 5.13% to N43.21 billion in the current period.
