Reuters: Global Markets: Shares in Nigeria's Stanbic falls on lower profit

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Shares in Nigeria's Stanbic falls on lower profit Mar 29th 2012, 11:41 LAGOS | Thu Mar 29, 2012 7:41am EDT LAGOS (Reuters) - Shares in Nigeria's Stanbic IBTC Bank (IBTC.LG), a unit of South Africa's Standard Bank (SBKJ.J), fell 4.9 percent on Thursday, after the lender posted a 16.89 percent drop in pre-tax profit to 11.24 billion naira ($71.31 mln) for 2011 full year. Gross earnings grew 18.83 percent to 67.43 billion naira during the period, it said, in a report through the Nigerian Stock Exchange. Its shares fell to 6.8 naira.

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