Access Holdings reports 1.4 trillion dollars in revenue

Through its wide network of subsidiaries and industry verticals, the corporation completed the year with more than 58 million clients.For the 2022 fiscal year, Access Holdings Plc has forecast gross earnings of 1.39 trillion yen.In its Consolidated and Separate Financial Statement for the year ended December 31, 2022, which was published on Thursday in Lagos, the company made this disclosure. When compared to the 971.88 billion reported in the same quarter of 2021, the gross earnings reflected a rise of 43%. The corporation ascribed the increase in gross profits to the benefits of ecosystem-wide organic and inorganic initiatives. However, its profit before tax was 167.68 billion, down from 176.58 billion realized in 2021 by 5.04 percent year over year. Despite the significant macroeconomic headwinds both locally and globally, the company demonstrated outstanding growth across all revenue lines, according to the statement.The company's switching business and payment business both went live in the third quarter of 2022, according to the statement, while the other parts of the firm started operating at full capacity in the second quarter of 2023. The statement read, "The overall business prognosis for 2023 remains positive as we embark on a new five-year strategic path that will position us among the top five financial services organizations in Africa by 2027.