Results & Dividends

Zenith Bank 2015 Q1 Pretax Profit Up 14.6%

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By Peter OBIORA InvestAdvocate

Lagos (INVESTADVOCATE)-Nigeria’s top tier lender, Zenith Bank Plc said on Monday its first quarter (Q1) report for the period ended March 31, 2015 climbed up 14.6 percent to N33.128 billion from N28.919 billion recorded the same period last year.

Similarly, profit after tax (PAT) rose 16.9 percent to N27.680 billion from N23.677 billion declared in Q1 of 2014.

Gross earnings increased to N113.32 billion compared with N94.32 billion report the corresponding period of 2014, the lender said in a filing with the Nigerian Stock Exchange (NSE).

At the close of business on the Nigerian bourse on Monday, share price of the bank appreciated 0.87 percent to from N23.00 to N23.20, gaining 0.20 kobo.

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