Access Holdings notches up 43% revenue growth in 2022

By Chioma Obinagwam

Access Holdings Plc (Access Holdco) has announced 43 percent growth in its Gross Revenue for the financial year ended December 31, 2022.

Confiance News gathered from a press statement by the bank on Thursday.

According to the report the Gross Revenue, which is the sum of all money generated by a business, rose to N1.38 trillion.

However, it’s Profit Before Tax (PBT) took a downward swing, shedding 5 percent to settle at N167.7billion.

Reacting to the report, Access Holdco said: “We registered a record revenue of ₦ 1.4 trillion a 43% y/y growth (FY’21: ₦971.9) as we begin to see the dividends of organic & inorganic activities across the ecosystem. Access Holdings Plc recorded a Profit Before Tax of ₦167.7 billion, 5% y/y decline (FY’21: ₦ 176.6bn) following huge write downs from the Ghana sovereign debt crisis.”

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