LAGOS, July 25 (Reuters) – Nigeria’s Stanbic IBTC Bank
said on Wednesday its half-year pretax profit rose 8
percent to 5.86 billion naira ($37 mln), compared with 5.39
billion naira in the same period a year ago, lifting its shares
almost 2 percent.
Gross earnings at the local unit of South Africa’s Standard
Bank climbed 45.6 billion naira during the period, from
31.2 billion naira last year, it said in a filing with the
Nigerian Stock Exchange.
Stanbic closed at 7.16 naira per share on Wednesday, up 1.85
percent from 7.03 naira at Tuesday’s close.
($1 = 160.05 naira)
(Reporting by Chijioke Ohuocha; Editing by Joe Brock)
© Thomson Reuters 2012 All rights reserved
Previous: Euro Coal-Prices creep up 25 cents
