Access Holdings posts N619.32bn profit after tax, 306% growth

The company also experienced an 87 per cent surge in gross earnings to N2.59 trillion from N1.39 trillion in 2022.

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Access Holdings, posts N619.32bn profit after tax, 306% growth, Access BankAccess Holdings reported a staggering 306 percent growth in profit after tax of N619.32 billion, up from N152.20 billion in 2022.

Access Holdings Plc released its results for the full year (FY) ended December 31, 2023, recording 335 percent growth in pre-tax profit to N729.001billion from N167.680billion in 2022. The group grew gross earnings by 87 percent to N2.594trillion from N1.387trillion in 2022.

Access Holdings has revealed plans to pay a final dividend of N1.80 for every ordinary share of 50k to its shareholders for the 2023 financial year.

The payment, slated for April 19, will be made electronically and is subject to appropriate withholding tax.
Mr Sunday Ekwochi, the Company Secretary of Access Holdings, disclosed this in a notification to the Nigerian Exchange Ltd. (NGX) on Wednesday in Lagos.
Ekwochi clarified that only shareholders whose names appear on the Holdings Register of Members as of the close of business on April 10 would be eligible for the dividend.
Ekwochi said shareholders who had completed the e-dividend registration and mandated the Registrars to pay their dividends directly into their bank accounts would be paid.
This proposed final dividend brings the total dividend for the 2023 financial year to N2.10 per share.
The bank has also released its full-year results for the period ending Dec. 31, 2023, showcasing an impressive 335 per cent increase in pre-tax profit to N729 billion from N167.68 billion in 2022.
The company also experienced an 87 per cent surge in gross earnings to N2.59 trillion from N1.39 trillion in 2022.
Business Day reports that the Board of Directors paid an Interim Dividend of 30 Kobo (December 2022: 20 Kobo) per ordinary share of 50 Kobo each on the 35,545,225,622 issued ordinary shares of 50kobo each paid to shareholders on the register of shareholding as of the qualification date. Withholding Tax was deducted at the time of payment.

On April 19, 2024, final dividend will be paid electronically to the shareholders whose names appear on the Register of Members as at the close of business on April 10, 2024 and who have completed the e-dividend registration and mandated the Registrars to pay their dividends directly into their bank accounts.

Access Holdings plc with a free float percentage of 75.33percent as at December 31, 2023, is compliant with the Exchange’s free float requirements for companies listed on the Premium Board. Access Holdings Plc with a free float value of N26.776billion as at December 31, 2023, is compliant with the Exchange’s free float requirements for companies listed on the Premium Board.