Earnings Update – ACCESSCORP H12023. Sustained Earnings Growth Despite High Operating Costs.

In H1:2023, Access Holdings Plc. (ACCESSCORP) reported impressive financial results, recording a 58.86% growth in gross earnings to settle at NGN939.93bn. This remarkable growth is credited to improvements in both income and non-income streams. The 62.99% growth in interest income can be attributed to the improvement in asset yield to 10.40% (vs 8.60% in H1:2022), fuelling growth in interest earned on loans and advances (+38.05% YoY) and investment securities (+243.67% YoY).

Earnings Update – ACCESSCORP H12023

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