Results & Dividends

Sterling Bank up Profit 17.28% in Q1 2014

Posted by InvestAdvocate on

More in Results & Dividends:

By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-Sterling Bank Plc Tuesday said its profit before tax (PBT) climbed 17.28 percent (17.28%) in its first quarter report for the period ended March 31, 2014.

The bank said its PBT went up from N3.020 billion in Q1 of 2013 to N3.542 billion in the review period of 2014; indicating a 17.28% increase.

Similarly, the Nigerian lender said its profit after tax (PAT) rose 15.20% from N2.723 billion in the Q1 of 2013 to N3.137 billion in the corresponding period of 2014.

The bank reported a gross earnings of N24.621 billion in Q1 of 2014 compared to N19.844 billion in the same period of 2013; showing an increase in gorss earnings of 24.07%.

 

Comments are closed.