Results & Dividends

Sterling Bank Grows 2015 Q1 Pretax Profit by 14%

Posted by InvestAdvocate on

More in Results & Dividends:

By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-Nigeria’s lender Sterling Bank Plc said on Monday its pretax profit for the period ended march 31, 2015 grew 14 percent to N4.042 billion N3.542 billion in the same period of last year.

Profit after tax (PAT) increased 24.7 percent to N3.192 billion from N3.137 billion reported in the first quarter (Q1) of 2014.

Similarly, gross earnings appreciated N27.22 billion from N24.71 billion declared the same period of last, according to the lender in a filing with the Nigerian Stock Exchange (NSE).

At the close of business on Monday on the Nigerian bourse, share price of the bank dipped 3.08 percent as it opened N2.27 and closed N2.20 losing 0.07 percent.

Comments are closed.