Zenith Bank has released its results for the first quarter ended in March 2019. Here are the key highlights of the results.

Gross Earnings

Gross earnings dipped from N169 billion in 2018 to N158 billion in 2019. This amounts to a 6.9 decline year on year.

Profit before tax

Profit before tax, however, rose from N54 billion in 2018 to N57.2 billion in 2019. This amounts to a 5.9% increase year on year.

Profit after tax

Profit after tax also increased from N47 billion in 2018 to N50.2 billion in 2019. This amounts to a 6.8% increase year on year.

ZENITH BANK Q1 2019 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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