Categories: Companies

Stanbic IBTC PBT drops 52.85% in 6-month results

Stanbic IBTC Holdings Plc. has posted a profit before tax (PBT) of N24.70 billion for the six months ended June 30.

This was stated in the bank’s consolidated and separate interim financial statements signed by the Company Secretary, Mr. Chidi Okezie, as posted on the website of the Nigerian Exchange (NGX) Limited in Lagos.

The Group PBT represents a decrease of 52.85 per cent for the period ended June 30, compared to N52.40 billion recorded in the comparative period of 2020.

The Group also reported a 50.13 per cent decrease in profit after tax (PAT) to N22.54 billion in the period under review from N45.20 billion achieved in the same period of 2020.

Also, for gross earnings, the result showed a 26.06 per cent drop to N93.59 billion achieved in the period under review against N126.57 billion recorded in the same period of 2020.

The company directors recommended the approval of an interim dividend of 100k per share for the period ended June 30.

Editor

Recent Posts

Army school empowers personnel, families, others in Edo

The Nigerian Army School of Electrical and Mechanical Engineering (NASEME) Auchi, Edo State, in collaboration…

17 mins ago

‘We’ve contract’: Itsekiri debunks protest against Tompolo, Tantita

Itsekiri personnel of the Tantita Security Services Limited have debunked a viral video where some…

42 mins ago

King Charles to resume public duties after cancer treatment

Britain’s King Charles III is set to return public royal duties after the positive effect…

4 hours ago

EFCC arrests 34 for forex fraud in Abuja

The operatives of the Economic and Financial Crimes Commission (EFCC) have arrested 34 suspected currency…

4 hours ago

3 die in Ondo accident

No fewer than three persons have been confirmed dead in an accident along Ikare-Akoko/Owo Road…

4 hours ago

Court jails 9 internet fraudsters in Edo

No fewer than nine internet fraudsters have been convicted and sentenced to various jail terms…

4 hours ago

This website uses cookies.