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Home Business News

Stanbic Ibtc FY 2017 profits jump by 64.8% to ₦61 billion

Onome Ohwovoriole by Onome Ohwovoriole
March 14, 2018
in Business News
The following companies will be paying dividends and holding their AGM’s this week
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Stanbic Ibtc Holdings today released its financial statements for the year ended December 2017. Gross earnings increased from ₦156 billion in 2016 to ₦212 billion in 2017. Profit before tax also increased from ₦37.2 billion in 2016 to ₦61.1 billion in 2017. Profit after tax jumped massively from ₦28.5 billion in 2016 to ₦48.3 billion in 2017.

 

Stanbic Ibtc Holdings
FY 2017 results

Stanbic Ibtc Holdings proposed ₦0.50 as final dividend per share.

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Onome Ohwovoriole

Onome Ohwovoriole

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

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Sterling Bank concludes core application migration, leads the way for African Banking

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