LAGOS (Reuters) - Nigeria's Sterling Bank said on Wednesday its full year pretax profit rose by a third to 7.49 billion naira, compared with 5.64 billion naira the previous year.
Shares in the mid-tier lender had risen 9.82 percent on Wednesday to 3.02 naira just before it announced results, as investors were taking positions ahead of the earnings release.
They cooled off slightly as the results were announced but were still up 8.73 percent on the day at 1139 GMT.
The bank said it would pay a dividend of 0.20 naira per share from its profit for 2012.
Gross earnings rose 51 percent to 68.9 billion naira during the period, as against 45.7 billion for full-year 2011.
The bank said its interest income grew 66 percent during the period, boosting profits, and that it had benefited from synergies from its merger with Equitorial Trust Bank (ETB).
Its shares have risen 59 percent so far this year.
Source: http://news.yahoo.com/nigerias-sterling-bank-2012-pretax-profit-33-pct-120030909--finance.html
Kwame Kilpatrick New pope 2013 good morning america earthquake california earthquake california douglas adams brandon knight
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.