Zenith Bank Plc experienced a 2.9% leap in its gross
earnings for the halfyear period ended June 30, 2019.
This was disclosed in the company’s H1 2019 financial
statements published earlier today on the website of the Nigerian Stock
Exchange’s website.
Gross Earnings: The bank’s gross earnings for the period
stood at N331.6 billion, compared to N322.2 billion recorded in 2018,
representing a 2.9% increase.
Profit Before Tax: This increased by 4% to N111.7 billion
during the period under review, compared to N107.4 billion recorded in June
2018.
Profit After Tax: Similarly, the bank’s profit after tax
stood at N88.9 billion as against N81.7 billion recorded in the same period in
June 2018, representing a 8.7% increase.
Earnings Per Share (EPS) grew to N2.83, up from N2.60 in the
comparable period in 2018.
Major assets were derived from Cash and Bank Balances,
treasury bills, assets pledged as collateral, and due from banks.
The Profit for the Bank has been attributed to Equity
holders of the parent entity and Non-controlling interests.
