GTCO has released its financial results for the first half of 2025, revealing a notable decline in profit before tax despite an increase in debit card transactions. As pointed out in the source, it is important to note that this situation has sparked concerns regarding the company's overall profitability in a competitive market.
GTCO's Profit Before Tax Declines
The financial report indicates that GTCO's profit before tax stood at N601 миллиард for H1 2025, a decrease compared to the same period last year. This decline comes at a time when the company has seen a significant uptick in debit card transactions, suggesting that increased activity has not translated into higher profits.
Concerns Over Business Model Sustainability
Analysts are now questioning the sustainability of GTCO's business model, as the growing transaction volumes do not seem to be positively impacting the bottom line. The company may need to reassess its operational strategies to enhance profitability and address the challenges posed by rising competition in the financial services sector.
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