Jim Ovia, Godwin Emefiele

Zenith Bank has released its results for the 9 months ended September 30, 2018.Here are key highlights of the results.

Gross Earnings

Gross Earnings fell from N531 billion in 2017 to N474 billion in 2018. This amounts to a 10.7% decline year on year.

Profit Before Tax

Profit before tax however increased from N152 billion in 2017 to N167 billion in 2018. This amounts to a 9.8% increase year on year.

Profit After Tax

Profit after tax also increased from N129 billion in 2017 to N144 billion in 2018. That amounts to a 11.6% increase year on year.

Earnings Per Share

Earnings per share increased from N4.11 in 2017 to N4.58 in 2018. This amounts to a 11.4% increase year on year.

Current Share Price

Zenith Bank is currently trading at N22.40 in today’s trading session on the Nigerian Stock Exchange.

DOWNLOAD ZENITH BANK Q3 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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