Nigeria’s Stanbic IBTC Holdco Q1 pretax profit falls 46 pct

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– Stanbic IBTC Holding , a unit ’s Standard Bank, said on its first quarter pretax profit fell 46 percent 4.81 naira ($24 ) versus the same period last year.

Stanbic did 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)*