Zenith Bank 9-Month Pretax Profit Rises 19.9%

By InvestAdvocate

Lagos (INVESTADVOCATE)-Nigeria’s tier one lender, Zenith bank Plc said on Monday its 9-month 2015 pretax profit rose 19.9 percent to N1.04.05 billion from N86.82 billion recorded a year earlier.

Similarly profit after tax (PAT) grew 16.9 percent to N83.09 billion from N71.05 billion reported the same period of 2014.

Also, gross earnings increased from N273.74 billion to N336.85 billion in the 9-month period of 2015; showing an increase of 23.1 percent, according to the lender in a filing with the Nigerian Stock Exchange (NSE).

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