Zenith Bank Plc experienced a 2.9% leap in its gross earnings for the halfyear period ended June 30, 2019.
This was disclosed in the company’s H1 2019 financial statements published earlier today on the website of the Nigerian Stock Exchange’s website.
Gross Earnings: The bank’s gross earnings for the period stood at N331.6 billion, compared to N322.2 billion recorded in 2018, representing a 2.9% increase.
Profit Before Tax: This increased by 4% to N111.7 billion during the period under review, compared to N107.4 billion recorded in June 2018.
Profit After Tax: Similarly, the bank’s profit after tax stood at N88.9 billion as against N81.7 billion recorded in the same period in June 2018, representing a 8.7% increase.
Earnings Per Share (EPS) grew to N2.83, up from N2.60 in the comparable period in 2018.
Major assets were derived from Cash and Bank Balances, treasury bills, assets pledged as collateral, and due from banks.
The Profit for the Bank has been attributed to Equity holders of the parent entity and Non-controlling interests.