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Zenith Bank Plc on Thursday April 19, 2018 joined Guaranty Trust Bank Plc among the tie one banks to release their first quarter financial performance for the period ended March 31, 2018. According to the unaudited result that was submitted to the Nigerian Stock Exchange (NSE) the bank was able to sustain profit after tax by 25.55 percent.
Details of the result shows that the bank profit moved from N37,499 billion in 2017 to N47,079 billion in 2018. Profit before tax went up by 22.17 percent, from N44,200 billion in 2017 to N54,001 billion in 2018.
The bank also grew its gross earnings by 14.52 percent from N147,736 billion in 2017 to N169,192 billion in 2018. Earnings per share for the period under consideration stood at 1.50 kobo which is above 1.19 kobo that was recorded in 2017. The bank share price closed at N27 on Thursday.
Photo Caption: Jim Ovia Chairman Zenith Bank Plc
