Zenith, Unity Banks prof­its up in Q1

Daily Trust - - BUSINESS / NEWS -

Zenith Bank said yes­ter­day its first-quar­ter pre­tax profit rose to 28.91 bil­lion naira ($179 mil­lion), up from 28.87 bil­lion in the same pe­riod last year.

Gross earn­ings at the top tier lender rose 8 per­cent year-on-year dur­ing the three-month pe­riod to 94.32 bil­lion naira, it said in a fil­ing with the Nige­rian Stock Ex­change. Mean­while, Unity Bank in­creased firstquar­ter pre­tax profit 26 per­cent to 3.14 bil­lion naira ($19.42 mil­lion) from 2.49 bil­lion naira in the same pe­riod of last year. Gross earn­ings rose to 14.97 bil­lion naira dur­ing the three-month pe­riod, against 13.98 bil­lion naira a year ago, it said in a fil­ing with the Nige­rian Stock Ex­change on Thurs­day. (Reuters)

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