Results & Dividends

Zenith Bank Q1 Profit Grow Marginally 0.1%

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By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE) – Nigerian lender, Zenith Bank Plc Thursday posted a marginal growth of 0.1 percent (0.1%) in its first quarter (Q1) profit before tax (PBT) for the period ended March 31, 2014.

To record the 0.1% marginal PBT, the bank posted N28.919 billion in the Q1 of 2014 compared to N28.877 billion in the same period of 2013.

Similarly, profit after tax (PAT) increased slightly 1.1% from N23.408 billion in the Q1 of 2013 to N23.677 billion in the review period of 2014.

Gross earnings climbed 8.4% from N86.977 billion in the first quarter of 2013 to N94.324 billion in the review period of 2014.

As at the end of trading at the Nigerian bourse, the bank opened at N23.20 and closed at N23.50.

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