Zenith Bank de­clares N75bn half year profit

Daily Trust - - NEWS - From Sun­day Michael Ogwu, La­gos

Zenith Bank Plc has de­clared a Profit Af­ter Tax (PAT) of N75 bil­lion, just as the Board of Di­rec­tors of the bank an­nounced the pay­ment of an In­terim Div­i­dend of 25 kobo per 50 kobo or­di­nary Share to its share­hold­ers.

The re­sult saw the PAT which grew by 112 per cent, when com­pared to 2016 half year fig­ures, also record a 77 per cent growth in rev­enue from N214 bil­lion in 2016 to N380 bil­lion.

The re­sult also re­vealed that net as­sets grew by 2.1 per cent from N704 bil­lion in 2016 to N719 bil­lion in 2017.

Div­i­dend war­rants will be posted on the 25th day of Au­gust, 2017 to share­hold­ers whose names ap­pear in the Regis­ter of Mem­bers as at the close of busi­ness on the 18th day of Au­gust 2017 while share­hold­ers who have man­dated their div­i­dend to their bank ac­counts would be cred­ited on same date.

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