Stanbic IBTC proposes N1 interim dividend, posts 117.37bn Gross Earnings in H1’19

Stanbic IBTC Holdings released its half year financial report today, August 28, 2019. The Holding company grew its Gross Earnings by 2.77%, closing the half year period with 117.37 billion against the previous close of  N114.2 billion in Half Year 2018.

Profit before tax closed at 44.65 billion, down by 11.99%, when compared to its previous close of N50.73 billion in half year 2018.

Profit after tax was down by 15.87% to close at N36.245 billion away from the previous close of N43.084 billion in half year 2018.

Stanbic IBTC Holdings proposes N1 interim dividend to its shareholders, which will be paid on Wednesday, September 4, 2019.

Earnings per share for the period under review declined to N3.42 from the previous earnings per share of N4.16 in half year 2018.

With reference to the share price of N35, P.E ratio of Stanbic IBTC Holdings at stands at 10.23x  with earnings yield of 9.77%.

 

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