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.
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