Jim Ovia, Godwin Emefiele

Zenith Bank Plc has released its results for the half year ended June 2018. The bank has also declared an interim dividend of N0.30 per share.

Gross Earnings

Gross Earnings dropped from N380 billion in 2017 to N322 billion in 2018. This represents an 18% drop in comparison with 2017.

Profit Before Tax

Profit before tax increased from N92 billion in 2017, to N107 billion in 2018. This represents a 16.3% increase year on year.

Profit After tax

Profit after tax rose from N75 billion in 2017 to N81 billion in 2018. This represents an 8% increase year on year.

Earnings Per Share

Earnings per share remained flat year on year at N1.21

Current Share Price

Zenith Bank is currently trading at N24.1 per share.

DOWNLOAD ZENITH BANK H1 2018 RESULTS

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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