NGX: Zenith Bank’s profit grows by 2.6% in 6 months
Zenith Bank Plc has posted a profit before tax (PBT) of N117.05 billion for six months as at June 30, against N114.12 billion achieved in the comparative period of 2020.
This was stated in the company’s interim report signed by the Company Secretary, Micheal Otu, posted on the website of the Nigerian Exchange (NGX) Ltd. on Friday in Lagos.
According to the result, gross earnings of the Group stands at N345.55 billion for the period under review, as against N346.08 billion reported in the comparative period of 2020.
Also, profit after tax (PAT) grew from N106.11 billion recorded as at June 30, whereas N103.82 billion was posted in the corresponding period of 2020.
The result also showed the company’s income tax expense of N10.94 billion for the period under review, against N10.29 billion recorded in 2020.
Also, basic, and diluted earnings per share of the bank stands at N3.38 in the period under review, while N3.30 was recorded in the same period of 2020.
The Board of Directors proposed an interim dividend of 30 kobo per share, same as 2020.
The report would be presented for ratification by the shareholders at the next Annual General Meeting.
More from Peoples Gazette
States
Bandits release another batch of abducted Bethel Baptist School students in Kaduna
Christian association leader in Kaduna, John Hayab, and the police confirmed the release.
Jos
Plateau Assembly gives Gov. Lalong two-week ultimatum to end killings
The Plateau State House of Assembly asked Governor Simon Lalong to speak up on the killings and outline his measures to stop it.
States
Zoo very important in Yobe: Conservationist
Mr Babagana said a zoo was important for wildlife conservation and aesthetic value for people to appreciate nature.
States
How repentant bandits helped secure release of kidnapped college students: Matawalle
The 18 students and staff of College of Agricultural and Animal Sciences, Bakura, abducted by bandits on August 16 were released on Friday.
States
Insecurity: Zamfara governor announces drastic measures to block bandits’ supply
Zamfara governor announced shutdown of weekly markets, ban of sale of petrol in jerry cans and unchecked movement of food and firewood across the state.
