GTCO Ranked First In Net Income Margin At 42 Percent

According to an examination of the financial filings of banks listed on the Nigerian Exchange Limited, Guaranty Trust Holding Company Plc had the largest net income margin in the first half of 2021. In total, the 13 commercial banks listed on the NGX generated N1.76 trillion in revenue in H1 2021. During the same time period, the banks earned a total of N460.41 billion in net income. Banks, unlike other companies listed on the exchange, do not simply display revenue as the top line on the income statement; instead, they provide gross margin, net interest income, and other information. The […]