Stanbic IBTC grew 58.62% PAT in Q3, 2018

Stanbic IBTC partners EDC on agribusiness

Stanbic IBTC, a South African tier 1 financial institution in Nigeria released its financial results for the period ended 30th September, 2018 with 58.62% growth in Profit after Tax, closing at N59.76 billion.

The Group’s turnover grew from N154.2 billion in 2017 to N168.8 billion. This represents a 9.45% increase year on year.

The earnings per share for the period under review is N5.91, advancing by 58.62% from the previous EPS of N3.72 in the third quarter of 2017.

With the reference price of N46, the P.E ratio of Stanbic IBTC is 7.79x with the earnings yield of 12.84%.



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