Featured Finance

Stanbic IBTC PBT drops 52.85% in 6-month results

Stanbic IBTC Holdings Plc on Monday 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.

Related posts

Senate probes NPA over N7.5b contract irregularities

Our Reporter

Yuletide: DPR warns marketers against sharp practices

Shile GIWA

TCN to carry out annual maintenance on Gwagwalada substation – Official

Our Reporter

Buhari submits PIB to National Assembly, scraps NNPC, PPPRA in new bill

Our Reporter

Only 9,103,653 workers have pension accounts, says PenCom

Our Reporter

Ebonyi seals petrol station over kerosene explosion

Editor