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.”
