Profits at Nigeria's Stanbic IBTC more than double - CNBC Africa

Profits at Nigeria's Stanbic IBTC more than double

Earnings

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Stanbic IBTC, Nigeria. PHOTO: IGT Nigeria

Pretax profit rose to 24.62 billion naira, an increase of 116 per cent from 11.41 billion naira a year earlier.

Gross earnings grew to 111.22 billion naira during the period, compared with 91.86 billion naira in 2012, it said in a filing with the Nigeria Stock Exchange.

Stanbic IBTC proposed a dividend of 0.10 naira per share, the same amount it paid in 2012.

(READ MORE: Nigeria's Stanbic IBTC H1 pre-tax profit up 115%)

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