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    Access Holdings Earnings Spiked, Board Declares Dividend

    Julius AlagbeBy Updated:No Comments1 Min Read
    Access Holdings Earnings Spiked, Board Declares Dividend

    Access Holdings Earnings Spiked, Board Declares Dividend

    Access Holdings’ annual profit increased by about 307% year on year, details from its audited financial statement released today show. Net profit settled at N169 billion at the end of Dec 2023, from N152 billion in the comparable period in 2022.

    Top line grew from N1.387 trillion in 2022 to N2.594 trillion in 2023, an approximate 87% annual increase. The financial services boutique announced that its net foreign exchange gain declined by 50% to N17.254 billion year on year.

    Its board of directors recommended an interim dividend of N0.30 Kobo for each ordinary share, subject to the applicable withholding tax, as a result of an improved earnings performance. This brought the total dividend for 2023 to N2.10 Kobo, about a 38.5% increase above N1.30 paid in 2022.  #Access Holdings Earnings Spiked, Board Declares Dividend

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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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