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Headline : Access Corporation reports N612.4 billion profits, up 300% YoY

Read more from the original article on here at www.african-markets.com.




Tags : #access #corporation #reports #n6124 #billion #profits #up #30025 #yoy


No. of Paragraph 16

Access Corporation, Nigeria’s largest finance holding company has reported a profit after tax of N612.4 billion up 300% from the year before.

This is the largest profit ever posted by the company and presided over by the late Herbet Wigwe.

In the financial statements seen by Nairametrics, Access Corporation posted a Gross Earnings of N2.6trillion up 80% from the N1.4 trillion reported a year earlier.

A significant portion of the revenue came from fair value and foreign exchange gain of about N628.9 billion compared to N335.5 billion reported a year earlier.

Read more from the original article on here at www.african-markets.com.


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