Stanbic IBTC Holdings profit jumps 54.1% in 2018

Stanbic IBTC Holdings has released its results for the 2018 financial year. Here are the key highlights of the results.

Gross Earnings

Gross Earnings increased from N212 billion in 2017 to N222 billion in 2018. This represents a 4.7% increase year on year. 

Profit Before Tax

Profit before tax rose from N61 billion in 2017 to N88 billion in 2018. This marks a 44.2% increase year on year. 

Profit After Tax

Profit after tax also increased from N48 billion in 2017 to N74 billion in 2018. This marks a 54.1% increase year on year. 

Earnings Per Share

Earnings per share increased from N4.60 in 2017 to N7.04 in 2018. This marks a 53% increase year on year.

STANBIC IBTC HOLDINGS FY 2018 RESULTS