Trust Bank Ltd. Announces Unaudited Earnings Results for the First Quarter Ended March 31, 2018
Trust Bank Ltd. announced unaudited earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported net interest income was GMD 72,308,000 against GMB 90,263,000 a year ago. Operating income was GMD 107,950,000 against GMD 130,576,000 a year ago. Profit before income tax was GMD 23,262,000 against GMD 38,984,000 a year ago. Profit attributable to equity holders of the bank was GMD 16,981,000 against GMD 27,289,000 a year ago. Basic and diluted earnings per share were 8 bututs against 14 bututs a year ago. Net cash used in operating activities was GMB 172,609,000 compared with GMB 49,915,000 a year ago. Purchase of property and equipment was GMD 11,642,000 against GMD 14,589,000 a year ago.