By Peter OBIORA InvestAdvocate

Lagos (INVESTADVOCATE)-Stanbic IBTC Bank Plc Thursday declared a Loss of 21.3 percent (21.3%) in the Audited Report for the Period Ended December 31 2011 and has proposed to reward investors of the Company with a N0.10 Kobo dividend.

From the Result Announcement made available to the Nigerian Stock Exchange (NSE) and obtained by www.investadvocateng.com in Lagos Nigeria, Profit After Tax (PAT) of the Bank declined from N9.455 billion in year 2010 to N7.440 billion in 2011; indicating a Loss of 21.3%.

Profit Before Tax (PBT) also dipped from N13.528 billion in year 2010 end to N11.243 billion in the review period of 2011; representing a Loss of 16.9%.

However, Gross Earnings grew by 18.8% as the Bank posted N67.425 billion in year 2011 end compared to N56.745 billion in year 2010.

In its Corporate Actions to the NSE, Stanbic IBTC has proposed to reward investors a N0.10 Kobo dividend in the Audited Report for the Period Ended December 31 2011 compared to N0.39 Kobo paid; showing a decrease of 74.35% in dividend payment to its shareholders.

The Bank in its Corporate Action also said that that qualification date and closure of Register of Shareholders to benefit from the N0.10 Kobo dividend for year 2011 end is April 19 and 20 2012 respectively.

While payment and Annual General Meeting (AGM) date is to be advised later.

In the same vein, Dunlop Tyre & Rubber Plc declared a Loss of N575.749 million in its Audited Report for the Period Ended September 31 2011.

The Company in year 2010 end made a Loss of N338.127 million compared to N575.749 million in the review period of year 2011.

Also, PBT moved from a negative of N428.466 million in year 2010 compared to N466.421 million in the review period of 2011; showing a further Loss of 8.9%.

Turnover increased from N1.758 billion in year 2010 end to N2.331 billion in the review period of year 2011; representing an increase of 32.6%.