Zenith Bank plc one of the tier-one lenders in Nigeria has released its Half-year financial statement for the period ended June 30, 2019. According to the report, Gross earnings grew by 2.9% to N331.590 million from N322.201 million in the corresponding quarter.
Profit Before Tax grew by 4% to N111.677 million in June 2019 up from N107.358 million in 2018.
Profit after tax grew by 8.7% to N88.88 million from N81.737 million in the corresponding period of 2018,
Earning per share has increased by 8.8% to 2.83 from 2.6.
Net Assets also grew by 0.5% to N819.51 million from N815.75 million in 2018.
The Board of Directors of Zenith Bank plc is proposing an interim dividend of 30 kobos per ordinary share. the dividend will be paid to shareholders whose names appear on the Register of Members at the close of business of August 29, 2019. The payment date for the dividend is set for September 2, 2019. note that, the dividend for holders of the bank’s Global Depository Receipts (GDR) will be paid after the local payment date.