Stanbic IBTC Holdings declares N84.2bn pre-tax profit

…To pay N25.9bn as interim dividend

Stanbic IBTC Holdings has declared a pre-tax profit of N84.2 billion in its recent results for the 3 months period.

The group also recorded an increase in gross earnings by 77.44 percent, profit before tax increased by 77.14 percent and profit after tax increased by 71.32 percent.

The directors recommend the approval of an interim dividend of 200 kobo per share (June 30, 2023: 150 kobo per share) for the period ended June 30, 2024.

The dividend, which is subject to deduction of appropriate withholding tax and regulatory approval, will be paid to shareholders whose names appear in the Register of Members as at the close of business on Wednesday September 18, 2024.

The register of shareholders will be closed from Thursday September 19 to Thursday September 25, 2024.

On Monday September 30, dividends will be paid electronically to shareholders whose names appear on the Register of Members as at close of trading on Wednesday September 18, 2024, and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their bank accounts.

In its financial statements for the six-month period ende