February 19, 2019
By Yakubu LAAH InvestAdvocate
Lagos (INVESTADVOCATE)-Nigeria’s top tier lender Zenith Bank Plc on Tuesday said its pretax profit for the period ended December 31, 2018 climbed up 16.2 percent to N231.68 billion from N199.31 billion recorded a year earlier, showing a growth of 16.2 percent.
Post-tax profit for the review period also appreciated 11.1 percent to N193.14 billion from N173.79 billion declared the same period of 2017.
Gross earnings of the tier one lender dropped to N630.34 billion in the 2018 year end from N745.18 billion in the corresponding period of 2017; indicating a decline of 15.4 percent, ZENITHBANK said in a filing with the Nigerian Stock Exchange (NSE).
The tier one lender proposed a final dividend of N2.50 per share to investors in addition to the interim dividend of N0.30 paid earlier; culminating to N2.80 compared to N2.70 paid in 2017 end; indicating an increase of 3.70 percent in the review period.
Zenith says qualification date for the proposed dividend is March 8, 2019 while closure date is March 11, 2019, payment and Annual General Meeting dates has been scheduled for March 19, 2019 respectively.
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