Zenith Bank Quarterly Post Tax Profit up 5.6%

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Zenith1Nigeria’s tier one lender, Zenith Bank Plc on Monday said its profit after tax (PAT) climbed 5.6 percent to N71.046 billion in the nine months period ended September 30, 2014, from N67.281 billion in the same period of 2013, the lender said in a filing with the Nigerian Stock Exchange (NSE).

However, pretax profit went down 18.3 percent to N86.8 billion from N106.2 billion in the third quarter (Q3) of 2013.

Gross earnings increased from N255.2 billion in Q3 2014 to N273.7 billion in the review period of 2014; showing an increase of 7.2 percent.

Click here to view Zenith Bank Plc Q3 2014 Report