Sterling Financial Holdings reports N16.26bn profit in H1 2024

Sterling Financial Holdings Company Plc has reported significant growth in it its top line and bottom line figures for the period ended 30 June 2024.

The financial institution reported Gross Earnings of N152.2 billion for the 6 months period, up by 53.65% from N99.06 billion reported the previous year.

Profit after tax grew year on year by 52.27% to N16.26 billion from N10.68 billion reported the previous year.

Earnings per share of the Group stands at N0.56.

At the share price of N4, the P/E ratio of Sterling Financial Holdings Plc stands at 7.08x with earnings yield of 14.12%.

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