Sterling Bank H1 2015 Pretax Profit Inch up 1.4%

By Peter OBIORA InvestAdvocate

Lagos (INVESTADVOCATE)-Nigeria’s lender, Sterling Bank Plc said on Thursday its first-half (H1) 2015 pretax profit for the period ended June 30, 2015 inched up 1.4 percent to N6.05 billion from N5.97 billion reported a year earlier.

Similarly, profit after tax (PAT) grew by 6.9 percent to N5.43 billion from N5.07 billion in the same period of 2014.

Gross earnings rose from N49.4 billion in the H1 period of 2014 to N55.04 billion in the review period of 2015; indicating a rise of 11.4 percent, the lender said in a filing with the Nigerian Stock Exchange (NSE).

Comments are closed.