Profits at Nigeria's Stanbic IBTC more than double

by admin 12 views0

Profits at Nigeria's Stanbic IBTC more than double

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%)