The unaudited financial report for the period ended March 31, 2019, of Stanbic IBTC reveals, the group made a profit after tax (PAT) of N19.15 billion, down by 17 per cent from the previous PAT of N23.07 billion in the first quarter of 2018.
The holding company made a turnover of N58.7 billion, up by 2 per cent compared to the previous turnover of N57.4 billion in the first quarter of 2018.
Profit before tax (PBT) was down by 12 per cent, closing at N23.5 billion compared to the previous PBT of N26.7 billion in the first quarter of 2018.
The earnings per share (EPS) for the first quarter of 2018 is N1.81, down by 19 per cent when compared to the previous EPS of N2.23 in the first quarter of 2018.
