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Home Business News

Sterling Bank Plc releases Q3 2018 results

Ibukun Samuel by Ibukun Samuel
October 23, 2018
in Business News, Company News, Company Results
virtus, Sterling Bank announces an appointment
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Sterling Bank Plc has released its Q3 2018 interim financial results for the period ended 30th September 2018.

Here are the key highlights of the results:

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Revenue

Revenue for the group increased from ₦95 billion in 2017 to ₦115 billion in the year under review. This represents a 21.09%  increase year on year.

Profit Before Tax

Profit Before Tax increased from ₦6.5 billion in 2017 to ₦8.5 billion. This represents a 30.7% increase year on year.

Profit After Tax

Profit After Tax also increased from ₦5. 9 billion in 2017 to ₦8.2 billion. This represents a 38.1% increase year on year.

Earnings Per Share

The Earnings Per Share also increased from 21 kobo in 2017 to 28 kobo in 2018. This represents a 33.3% increase year on year.

Current Share Price

Sterling Bank Plc is currently trading at ₦1.50 in today’s trading session on the floor of the Nigerian Stock Exchange.

DOWNLOAD STERLING BANK Q3 2018 RESULTS 

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Tags: Company resultSterlingbank

Comments 4

  1. Abiola says:
    October 23, 2018 at 3:05 pm

    I am not sure this results are accurate. Sterling bank posting 59 billion PAT in Q3 2017 and 82 billion naira PAT Q3 2018???. Please verify

    Reply
    • Onome Ohwovoriole says:
      October 23, 2018 at 5:11 pm

      Thank you for your observations.

      Reply
    • Anonymous says:
      October 23, 2018 at 11:27 pm

      Is #5.9bln and #8.2bln not the other way like you posted. Pls take a closer look at the original post from the analyst

      Reply
  2. Dee says:
    October 23, 2018 at 4:29 pm

    Please check the figures you quoted again

    Reply

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