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 […]
Investors Bite
Afrinvest Stock Recommendation for the Week – 120318
Culled—Proshare March 12, 2018/Afrinvest Market Last Week (Our Observation) The local bourse sustained a positive performance for the second consecutive week as the All Share Index (ASI) rose 0.7% W-o-W to 43,167.87 points while YTD return improved to 12.9% Across sectors, performance was largely mixed as 3 of 5 indices […]
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 […]
