Access Corporaion, 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.
Key highlights (2023 vs 2022 FY)
Access Corp share price closed at N23.1 (down 2%) on Wednesday March 26th, 2024. The share price is down 0.22% YTD and has a year high of N30 per share.