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  

Deal book 300 x 250
Deal book 300 x 250
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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