By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-Zenith Bank Plc Thursday announced a 13 percent (13%) increase in gross earnings for the 2013 half year.

From the result announcements of the bank to the Nigerian Stock Exchange (NSE) and made available to InvestAdvocate in Lagos Nigeria, gross earnings for the period increased from N151.103 billion in the half year of 2012 to N171.024 billion in the review period of 2013; indicating an increase of 13%.

Similarly, post tax profit grew from N42.411 billion in the half year of 2012 to N45.419 billion in the review period of 2013; showing a growth of 7%.

Also, pre tax profit rose by 8% as the Zenith Bank recorded N50.163 billion in the half year of 2012 compared to N54.083 billion reported in the same period of 2013.

Zenith Bank for the financial year ended December 31 2012 grew its gross earnings by 30% from N214.9 billion in 2011 to N279 billion in 2012.