By InvestAdvocate

Lagos (INVESTADVOCATE)-Lender Sterling Bank Plc on Friday said its pretax profit for the half-year (H1) period ended June 30, 2016 declined 27.7 percent to N4.38 billion from N6.05 billion recorded a year ago.

Similarly, profit after tax (PAT) depreciated 25.9 percent to N4.02 billion from N5.42 billion posted the same period of 2015.

Gross earnings of Sterling Bank dropped from N55.04 billion in the H1 period of 2015 to N50.05 billion in the review period of 2016; representing a decline of 9.1 percent, the lender said in a filing with the Nigerian Stock Exchange (NSE).