Culled–Proshare 7/8/2018/Cardinalstone Research Gross earnings shrank by 15.3% YoY to N322.2 billion, within our estimate of N335.1 billion (-3.8% deviation). In contrast, after tax profit climbed by 8.5% YoY to N81.7 billion in H1’18, though this was lower than our N90.3 billion (-9.5% deviation). On a quarterly basis, gross earnings […]
Results & Dividends
Zenith Bank: Decline in Income Lines Weigh on Q2-2018 Performance
August 6, 2018/Cordros Report Update: Zenith Bank Plc released Q2-2018 result this afternoon, showing a decline across major income lines, which resulted in a 34.25% y/y and 9.56% q/q drop in Gross earnings. Interest income was 40.31% down from the corresponding period last year, and lower by 39.66% q/q. The […]
Zenith Bank Says H1 2018 Pretax Profit Up 16.46% to N107.36 Billion
August 6, 2018 By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s top tier lender Zenith Bank Plc on Monday said its pretax profit for the half-year (H1) period ended June 30, 2018 grew 16.46 percent to N10.7.36 billion from N92.18 billion recorded a year earlier. Post-tax profit of the lender for the review period […]
