Stock & Analyst Updates | |
Stock & Analyst Updates | |
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Thursday, January 30,
2020 / 6:55 AM / CardinalStone
Research / Header Image Credit: Stanbic IBTC Holdings
Stanbic IBTC Holdings Plc (STANBIC: TP 47.14 - HOLD) released an unaudited FY'19 results, which revealed relatively flat earnings of N75.0 billion (FY'18: N74.4 billion). At the pre-tax level, a more noticeable growth in earnings (+3.1% YoY) was supported by improved non-interest income (6.0% YoY) and better cost to income ratio of 50.4% (vs 52.9% in FY'18). Earnings per share was, however, lower by 1.7% YoY at N6.92, reflecting the impact of the additional shares issued on account of scrip dividend distribution.
Key highlights:
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