Forex gains boost Zenith Bank’s 2015 Q1 results

This is a summary of Zenith Bank’s 2015 Q1 results

• Gross earnings of N113.3billion (2014 N94.3billion) +20%
• Net Interest Income of N42.6billion (2014 N25.8billion) -6%
• Pre-tax profits of N33.1billion (2014 N28.9billion) +15%
• Profit after tax of N27.6billiob (2014 N23.6billiob) +17%
• Earnings per share of 88kobo (2014 75kobo) +17%
• Profits was boosted by an increase in Foreign exchange trading income and foreign currency gain to N13billion combined (40% of pre-tax profits).
• Forex trading income was N4.8billion (2014 N2.4billion) +100%
• Foreign currency revaluation gain N9.1 billion (2014 N4.9billion)
• Press release