Access Holdings’ profit rises 83% to N250bn in Q3

Access Holdings Plc has posted an 83 per cent growth in its profit after tax to N250.45 billion in unaudited results for the third quarter of 2023.

The group, in a regulatory filing to the Nigerian Exchange Limited, NGX, said it posted a 75.70 per cent year-on-year increase in gross earnings to N1.593 trillion from N906.93 billion – driven by core and non-core income lines.

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The report further showed that interest income crossed the N1.00 trillion mark in the year’s first nine months, growing by 83.3% to N1.05 trillion.

This was driven by elevated interest rates in the period and the rise in the group’s earning assets, up by 41.5% from the beginning of the year to N14.55 trillion.

Jide Olasunkanmi