Breaking: Access Holdings Reports 305.63% Net Profit Growth, Offers N1.80 Final Dividend

Directors of Access Holdings Company Plc, on Wednesday released its audited financials for the year ended December, 2023, showing robust growth in top and bottom lines for the period.

Highlights of the result were the N1.206 trillion or 86.95% growth in gross earnings income, while profit after tax soared by 467.324 billion or 305.63 percent within the period. Earnings per share increased from N17.23 each from the N4.49 reported in the corresponding period of 2022, from which the directors have proposed a dividend per share of N1.80, up from the previous N1.30 each. This brings total dividend paid for the 2023 financial year to N2.10 each. Should shareholders approve the final dividend at the next Annual General Meeting of the group, payment will be made electronically on April 10 to those whose names appear on the register of members on April 19, 2024.
According to the result made available through the Nigerian Exchange Limited platform, gross earnings for the year rose to N2.594 trillion from N1.387 trillion, while profit before tax improved from N167.68 billion to N729.677 billion. Income tax for the period equally leaped from N14.778 billion to N109.677 billion, following which net profit stood at N619.324 billion, up from N152.902 billion.