By InvestAdvocate
Click here to download ARM Equity Report on Zenith Bank Q2 Report 2012
Lagos (INVESTADVOCATE)-Zenith Bank Plc Wednesday reported a growth of 32.1 percent (32.1%) in Profit After Tax (PAT) in its Second Quarter (Q2) Report for the Period Ended June 30, 2012.
This is contained in the Result Announcement of the Bank to the Nigerian Stock Exchange (NSE) and made available to www.investadvocateng.com in Lagos Nigeria.
To record the growth, Zenith Bank reported a PAT of N42.411 billion in the Q2 of year 2012 compared to N32.100 billion in same period of year 2011; indicating a growth in PAT of 32.1%.
Profit Before Tax (PBT) also increased from N36.794 billion in 2011 Q2 compared to N50.163 billion in review period of year 2012; showing an increase of 36.3%.
Also, Gross Earnings rose N123.197 billion in Q2 of 2011 compared to N151.103 billion in the review period of Q2 of 2012; representing a rise of 22.7%.
However, Net Assets increased slightly by 2.1% as the Bank recorded N402.713 billion in Q2 of year 2012; compared to N394.268 billion recorded in the same period of year 2011.
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