The release of Stanbic IBTC Holdings Plc’s half-year financial results has been postponed, as the company waits for the Central Bank of Nigeria’s approval.
This information was gathered by Nairametrics and included in the company’s declaration to the Nigerian Exchange Limited.
The publishing of the audited interim financial statements for the six months ended June 30, 2023, has been delayed, according to a statement signed by the company secretary, Chidi Okezie, since CBN, its main regulator, has not yet given its clearance.
The announcement says as follows: “This is to advise NGX Regulation Limited as well as our Esteemed Stakeholders that we are experiencing a small delay in the publishing of the 2023 half-year audited financial statements for Stanbic IBTC Holdings PLC.
“This delay is brought on by the fact that we are presently waiting for the Central Bank of Nigeria, our main regulator, to approve the half-year audited financial statements before releasing them to the market.
“To make sure that our company’s 2023 half-year results are released on or before Friday, September 29, 2023, we are working tirelessly with the CBN.”
Pretax profit increased by 85% in the first quarter of the year to N36.26 billion from N19.59 billion the previous year, according to Stanbic IBTC Holdings’ unaudited report for the first quarter ended March 31, 2023.
Interest income for the group increased from N32.99 billion in Q1 2022 to N50.42 billion in Q1 2023, a 52.83% increase.
This is a result of rising inflation, which the economy is still having trouble with.
