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Nigeria Stanbic IBTC 2012 profit up, shares fall

LAGOS (Reuters) - The Nigerian unit of South Africa's Standard Bank said on Friday its full year pretax profit rose 16 percent to 11.7 billion naira, but it announced a lower-than-expected dividend, sending its shares tumbling to a three month low. Shares in Stanbic IBTC Holdings were down 5.69 percent to 12.26 naira at 1400 GMT, after it declared a 0.10 naira dividend. "Our full year dividend ...
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Added April 19, 2013
from Yahoo Nigerian News