- Topline and bottom line figures increased in FY 2024 and Q1 2025
Sterling Financial Holdings Company Plc has declared a final dividend of 18 kobo to shareholders for the year ended 31 December 2024.
The Financial Institution reported Gross Earnings of N337.19 billion for the 12 months period, up by 52.04% from N221.77 billion reported in FY 2023.
Profit after tax grew year on year by 102.35% to N43.675 billion from N21.584 billion reported the previous year.
Earnings per share of the Group stands at N1.51
At the share price of N5.29, the P/E ratio of Sterling stands at 3.50x with earnings yield of 28.54%.
The Company’s Q1 2025 result for the 3 months ended 31 March 2025 also shows growth in the Company’s top line and bottom line figures.
Gross Earnings of N95.237 billion was reported for the 3 months period, up by 34.09% from N71.023 billion reported in Q1 2024.
Profit after tax for Q1 2025 stands at N17.231 billion, up by 129.62 billion from N7.504 billion reported in Q1 2024. Earnings per share the Group for Q1 2025 stands at 33 kobo.