October 18, 2018

By InvestAdvocate

Lagos (INVESTADVOCATE)-Nigeria’s top tier lender Zenith Bank Plc on Thursday said its pretax profit for the third quarter (Q3) period ended September 30, 2018 grew 9.67 percent to N167.3 billion from N152.5 billion recorded a year earlier.

Post-tax  profit of the lender for the review period also appreciated 11.56 percent to N144.2 billion from N129.2 billion  declared the same period of last year.

Gross earnings declined to N474.6 billion in the 2018  Q3 from N531.3 billion in the corresponding period of 2017; indicating a drop of 10.66 percent, ZENITHBANK said in a filing with the Nigerian Stock Exchange (NSE).

The lender in its corporate action to the NSE, proposed a dividend of 0.30 kobo per share, qualification and closure date has been scheduled for August 17 and August 20, 2018 respectively and payment date for the dividend to investors is August 24, 2018.