July 27, 2017

By InvestAdvocate

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Lagos (INVESTADVOCATE)-Sterling Bank Plc said on Thursday its profit after tax (PAT) for the half-year (H1) period ended June 30, 2017 declined 5.4 percent to N3.80 billion from N4.02 billion posted a year ago.

Profit before tax (PBT) of the lender also depreciated 1.1 percent to N4.33 billion from N4.38 billion declared the same period of 2016.

Gross earnings surged up to N57 billion in the review period of 2017 from N50 billion reported the corresponding period of 2016, Sterling Bank said in a filing with the Nigerian Stock Exchange (NSE).

Shares of the Bank at the close of trading on the domestic bourse appreciated 1.00 percent to N1.01 from N1.00 traded the previous session; gaining 0.01 kobo per share.