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Home Business News

Boom !! Zenith Bank recorded ₦200 billion in profits

Onome Ohwovoriole by Onome Ohwovoriole
March 12, 2018
in Business News, Company News, Spotlight
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Zenith Bank, today released its financial statements for the 12 months ended December 2017. Gross Earnings increased from ₦507 billion  in 2016 to ₦745 billion  in 2017. Profit before tax increased from ₦156 billion in 2016 to ₦203 billion in 2017. Profit after tax increased from ₦129 billion in 2016 to ₦177 billion in 2017.

Earnings per share also increased from ₦4.12 in 2016 to ₦5.66 in 2017. The bank declared a final dividend of ₦2.45 per share.

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Onome Ohwovoriole

Onome Ohwovoriole

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

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