The shareholders of Stanbic IBTC Holdings Plc, yesterday, commended the management’s N45.35 billion total dividend payout for the financial year ended December 31, 2022, expressing satisfaction with the group’s impressive performance in the year under review.
Speaking at the Group’s AGM in Lagos, a shareholder, Mr. Patrick Ajuda, commended impressive 2022 performance despite local and foreign challenges, stressing on the 40 per cent increase in gross earnings and dividend payout. The group’s gross earnings increased by 39.15 per cent to N287.54 billion, profit before tax increased by 52.04 per cent to N100.35 billion, and profit after tax increased by 41.86 per cent to N80.8 billion by for the year ended December 31, 2022.
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