LAGOS – Nigeria’s Stanbic IBTC said on Thursday first-half pretax profit fell to 9.53 billion naira ($47.90 million), down 52 percent from a year ago.
Gross earnings fell 16 percent to 68.29 billion naira during the six-month period to June 30, the unit of South Africa’s Standard Bank said in a filing with the Nigerian Stock Exchange.
Stanbic IBTC cut its interim dividend to 0.90 naira per share, from 1.10 naira last year.
($1 = 198.95 naira)
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(Reuters)
