Zenith Bank Plc has reported a profit before tax (PBT) of N117.05 billion for the half year ended June 30, as against N114.12 billion recorded in the comparative period of 2020.
According to the News Agency of Nigeria (NAN), the company stated this in its interim report signed by the Company Secretary, Mr. Micheal Otu, posted on the website of the Nigerian Exchange (NGX) Ltd. in Lagos.
The result showed gross earnings of the Group stood at N345.55 billion for the period under review, as against N346.08 billion reported in the comparative period of 2020. Profit after tax (PAT) rose from N106.11 billion recorded as of June 30, whereas N103.82 billion was posted in the corresponding period of 2020.
The result also showed company’s income tax expense of N10.94 billion for the period under review, against N10.29 billion recorded in 2020. Also, basic, and diluted earnings per share of the bank stand at N3.38 in the period under review, while N3.30 was recorded in the same period of 2020.
Consequently, the Board of Directors proposed an interim dividend of 30 kobo per share, the same as the 2020. It explained that the decision would be presented for ratification by the shareholders at the next Annual General Meeting. NAN.