Culled—Proshare March 12, 2018/FBNQuest Research Event: Zenith Bank reports Q4 2017 results Implications: Positive reaction by the market likely; likely upward revision to consensus forecasts Positives: Q4 PBT up 27% y/y Negatives: Q4 provisions spiked by 388% y/y This afternoon, Zenith Bank (Zenith) published its Q4 2017 results which showed that […]
Results & Dividends
ZENITHBANK First Glance: Q4-17 PAT; Impressive 2017FY Performance
March 12, 2018/Cordros Update Zenith Bank Plc (ZENITH) released its FY 2017 results which showed that Gross earnings was higher by 46.69% during the year at NGN745.19 billion – 55.14% higher than Bloomberg’s polled estimates, and 8.49% higher than our forecast. Interest income (+23.42%) increased to NGN474.63 billion – lagging […]
ZENITHBANK Says 2017 Post-Tax Profit Climb 37.20%, Proposes N2.45 Kobo Final Dividend
By Abdulquddus OKELE InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s top tier lender Zenith Bank Plc on Monday said its post-tax profit for the period ended December 31, 2017 climbed up 37.20 percent to N177.93 billion from N129.65 billion recorded a year earlier. Pretax profit for the review period also appreciated 29.80 percent to […]
