By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-Diamond Bank Plc Friday announced its 2013 post-tax profit jumped 29.10 percent (29.10%) from N22.108 billion in 2012 to N28.544 billion in the review period.

Similarly pre-tax profit increased from N27.481 billion in 2012 end to N32.079 billion in 2013; showing an increase in pre-tax profit of 16.70%.

However, the bank failed to meet its forecast of a pre-tax profit of N35 billion.

While gross earnings grew to N143.127 billion in 2013 from N112.351 billion in the corresponding year; indicating a 27.40% growth.

Diamond Bank in its corporate action to the Nigerian stock exchange (NSE) said it has proposed to payout N4.342 billion as dividend to its shareholders.

The Nigerian lender said it will close its register April 17 – 18, 2014 and has scheduled its annual general meeting (AGM) for April 24, 2014 and payment date April 28, 2014.