Sterling Towers Q1 2022 Financial Performance

Profitability Overall, the Bank recorded a profit after tax to N3.5 billion for the first quarter PBT & PAT (N'b) 3.2 3.3 3.2 3.1 Q1 2018 Pre tax ROAE & ROAA (%) 13.1% 12.9% 47.9% 49.3% 2.5 2.4 2.2 2.1 3.7 3.5 Sterling Towers Q1 2019 Q1 2020 Q1 2021 Q1 2022 Profit before Tax Profit after Tax 6.8% 6.9% 1.2% 1.2% 0.6% 10.3% 0.9% 0.6% Q1 2018 Q1 2019 Q1 2020 Q1 2021 Q1 2022 Pre Tax RO AE ROAA Profit before and after tax stood at N3.7 billion and N3.5 billion respectively. While Pre-tax Return on Average Equity (ROAE) and Return on Assets stood at 10.3% and 0.9% respectively for the period.

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