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Sterling Grows Q1 Profit to N18.2bn, Declares Dividend
The BusinessNG
|The Business NG
Sterling Financial Holdings Company Plc has reported a pre-tax profit of N18.2 billion for the first quarter ended March 31, 2025, marking a sharp 125.29% year-on-year increase.
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This strong start to the year builds on the firm's full-year 2024 momentum, when it posted a pre-tax profit of N45.8 billion, nearly doubling its 2023 performance.
The earnings surge was powered primarily by interest income, which rose 41.66% to N78.3 billion from N55.3 billion in the same period last year. Of that, income from loans and advances to customers contributed N56.8 billion, up from N39.2 billion in Q1 2024.
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