Zenith Bank Plc has released its audited full-year financial
statement for the period ended December 2019. Across board, the result showed
fairly positive improvements, including the profit for the period. which
increased by 7.9% year on year. See the summary below.
Gross revenue and net interest income: The bank’s gross
revenue grew by 5.06% to N662.3 billion in FY 2019, up from N630.3 billion
during the comparable period in 2018. However, net interest income decreased by
9.7% to N267 billion, down from N295.6 billion that was recorded during the
preceding year.
Profit before tax: Zenith Bank’s BBT for the period under
review stood at N243.3 billion, indicating a 5.0% increase when compared to
N231.7 billion that was recorded in FY 2018.
Profit after tax: Profit for the year increased by 7.9% to
N208.8 billion, up from N193.4 billion in 2018.
Also, note that Zenith Bank’s earnings per share (both basic
and diluted) also increased from N6.15 in 2018 to N6.65 in 2019.
You may download the full report by clicking here.
