Stanbic IBTC Holdings’ gross earnings increase by 4.3% 

Stanbic IBTC Holdings Plc is among the companies that released their latest financial statements this week. Nairametrics hereby brings you a summary of the company’s report for the three quarters ended September 30th, 2019.

Gross Earnings: The company reported gross earnings of N176.1 billion, an increase of 4.3% when compared to N168.8 billion as at September last year. Interest income also increased by 3,5 % to N91 billion during the nine months period, up from N87.9 billion last year.

[READ MORE: Q3 2019: UBA grows net profit by 32.3%, as gross earnings hit N428.22 billion]

Profit Before Tax: This stood at N69.1 billion during the period under review. As at September 2018, Stanbic IBTC Holdings Plc reported a PBT of N70.3 billion.

Profit After Tax: The company’s profit for the nine months period is N55.5 billion, compared to N59.7 billion during the comparable period last year.

Earnings per share is N5.13 compared to N5.73 in September last year. The company’s stock ended trading on the NSE, yesterday, at N37.

Download the full financial report here.