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Zenith Bank 9months pre-tax profit up by 42% at N75.22 billion

Zenith Bank PLC on Monday announced that its profit before tax in the first nine months to September rose 41.59 per cent to N75.22 billion … Continue reading Zenith Bank 9months pre-tax profit up by 42% at N75.22 billion


Zenith Bank PLC on Monday announced that its profit before tax in the first nine months to September rose 41.59 per cent to N75.22 billion ($478.04 million), from N53.13 billion in the same period last year.

Gross earnings rose to N229.16 billion, compared with N183.06 billion a year ago, Zenith bank said in a statement.

“Given the available micro-economic indices we are very confident that we will be able to sustain this strong performance and growth trend into the fourth quarter of the year,” Zenith Bank’s chief executive Godwin Emefiele said.

Zenith stock was trading at N18.36 on the Nigeria exchange, up 0.88 per cent over the previous day’s closing price.