LAGOS, – Stanbic IBTC Holding Company , a unit of South Africa’s Standard Bank, said on Thursday its first quarter pretax profit fell 46 percent to 4.81 billion naira ($24 million) versus the same period last year.
Stanbic did not give a reason for the decline in profit but said in a statement that revenue rose to 33.73 billion naira for the period to end-March from 30.22 billion naira a year ago. (Reporting by Oludare Mayowa; Editing by James Macharia)
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* (Reuters)*
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