October 26, 2019
By Paschal IJEH InvestAdvocate
Lagos (INVESTADVOCATE)-Stanbic IBTC Holdings Plc on Friday said its profit for the nine-months period ended September 30, 2019 plunged -7.0 percent to N55.55 billion from N59.75 posted a year earlier.
In the same vein Pretax profit in the review period dropped -1.8% to N69.10 billion from N70.38 billion declared the third quarter of 2018.
Gross earnings increased from N168.80 billion to N176.15 billion reported in the third quarter of 2019; indicating a rise of +4.4% in the review period of 2019, Stanbic IBTC said in a filing with the Nigerian Stock Exchange (NSE).
