Stanbic IBTC in the first half of 2020 reported Gross Earnings of N126.57 billion, up by 7.83% when compared to the Gross Earnings of N117.37 billion reported in H1’19.
Profit before tax (PBT) grew by 17.37% to N52.41 billion from the PBT of N44.65 billion in H1’19.
Profit after tax (PAT) appreciated by 24.72% to N45.2 billion from the PAT of N36.2 billion in the first half of 2019.
Earnings per share (EPS) increased to N4.30 from N3.45, which translates to 24.72% growth year on year.
The financial giant in the first half of 2020 declared 40 kobo interim dividend to its shareholders.
This is subject to deduction of appropriate withholding tax and regulatory approval. Payment will be done to shareholders whose names appear in the Register of Members as at the close of business on Tuesday 15 September 2020.