Stanbic Holdings

Stanbic Holdings FY’2016 results: Profit after tax declined by 9.9% to Ksh.4.4 billion

Stanbic Holdings released FY’2016 results posting a 9.9 percent decline in core earnings per share to Ksh.11.2 from Ksh.12.4 in FY’2015 driven by a 30.1 percent growth in operating expenses to Ksh.12.5 billion from Ksh.9.6 billion, which outpaced operating income that grew by 9.3 percent to Ksh.18.5 billion from Ksh.16.9 billion. Key highlights for the