Nigeria’s Sterling Bank H1 pre-tax profit up 38 pct


| July 27, 2012 | 0 Comments

LAGOS, July 26 (Reuters) – Nigeria‘s Sterling Bank
said on Thursday its half year pre-tax profit rose
38.29 percent to 3.25 billion naira ($20.31 million), from 2.35
billion naira in the same period last year.

Sterling Bank’s gross earnings jumped to 32.69 billion naira
from 20.51 billion in the same period a year ago. Its stock
however fell 0.89 percent to 1.13 naira per share at the close
of the market on the local bourse.
($1 = 160.05 naira)

(Reporting by Oludare Mayowa; Editing by Joe Brock)

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