By Frank Prenesti
Date: Thursday 17 Aug 2023
LONDON (ShareCast) - (Sharecast News) - Bank of Georgia on Thursday reported a 33.5% jump in half year profits, driven by a sharp rise in net interest income and also unveiled a share buyback of 62m Georgian lari (GEL).
The bank posted a GEL 688.8m (£207m) profit, adjusted for one-off income compared with GEL 516m a year ago. First-half net interest income rose 39% to GEL 767.8mn. Shares in the company rose 14% on the London Stock Exchange.
Net interest margin, a key measure of profitability and the difference between the rates on savings and loans, rose to 6.5% from 5.3%.
Reporting by Frank Prenesti for Sharecast.com
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Currency | UK Pounds |
Share Price | 5,360.00p |
Change Today | 70.00p |
% Change | 1.32 % |
52 Week High | 5,394.00 |
52 Week Low | 2,650.00 |
Volume | 195,495 |
Shares Issued | 45.41m |
Market Cap | £2,434.16m |
RiskGrade | 206 |
Value |
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Price Trend |
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Income |
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Growth |
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Strong Buy | 5 |
Buy | 0 |
Neutral | 0 |
Sell | 0 |
Strong Sell | 0 |
Total | 5 |
Latest | Previous | |
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Interim | Final | |
Ex-Div | 05-Oct-23 | 29-Jun-23 |
Paid | 27-Oct-23 | 14-Jul-23 |
Amount | 91.59p | 173.86p |
Time | Volume / Share Price |
16:49 | 12 @ 5,357.83p |
16:35 | 9,405 @ 5,360.00p |
16:35 | 5 @ 5,360.00p |
16:35 | 12 @ 5,360.00p |
16:35 | 98 @ 5,360.00p |
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