February 21, 2019/InvestmentOne Report · Diverse topline performance: up 32.0% q/q, down 3.9% y/y. · Mixed gross profit margin: up 880bps q/q, down 348bps y/y. · Mixed opex/sales ratio: down 788bps q/q, up 240bps y/y. · Profit before tax of N6.95billion in Q4 2018 against a Loss before tax of […]
Results & Dividends
ZENITHBANK Q4 2018: Lower Opex and Impairment Charges Support Bottom Line
February 21, 2019/InvestmentOne Report Net interest income of N67.1billion, down 10.0% q/q; up 18.7% y/y Non-interest income of N44.4billion, up 5.7% q/q, down 52.5% y/y Profit before tax of N64.4billion, up 7.4% q/q; up 37.7% y/y Profit after tax of N49.3billion, down 21.1% q/q; up 10.5% y/y Zenith Bank published […]
Zenith Bank’s FY 2018 Results – Strong Asset Quality, Rising Margins
Culled—Proshare February 20, 2019/Coronation Research Zenith Bank reported audited FY 2018 results before the market opened today. Numbers were in line with our and consensus estimates. FY 2018 Net profits were reported at N193.4bn (US$529.9m), up 11% from the previous year. Net Interest Income (NII) was up 15% y/y. Zenith […]
