Zenith bank plc declared a Profit Before Tax(PBT) of N54.1billion for the half year ended June 30, 2013, up from the N50.2billion posted in the corresponding period of 2012.
In the results made available by the Nigerian Stock Exchange(NSE), Zenith bank profit after tax also rose from N42.4billion to N45.419billion.
Gross earnings were N171billion, up by 13%, above the N151billion recorded in the same period in 2012. Interest income also grew by 16%, from N111billion to N128billion, while net interest income appreciated by 15%, from N79.9billion to N91.35billion.
Earnings per share also grew by 11% from 134kobo to 144kobo.
Market operators stated that investors should expect another bountiful harvest in the current financial year following the positive trend of performance being recorded by the bank over the years.
The MD, Godwin Emefiele, had told shareholders in the last AGM for the 2012 financial year, held in Lagos, that the management would continue to work harder to ensure they put expenses under control for the general interest of the shareholders and the bank.
The Chairman of of the bank, Steve Omojafor, had assured shareholders, that amid the very challenging operating environment, Zenith bank will maintain its culture of outstanding performance and industry leadership.
He said: ''As a bank, we are monitoring developments in both in the local and global economy and adapting our strategies as appropriate.
He went on to say that the bank started 2013 with confidence and remained committed to its primary goals and to drive shareholders value.'' Our growth over the years has been organically and intrinsically linked with the growth of our people who are a veritable source of competitive advantage.
Gross
earnings were N171 billion, up by 13 per cent above the N151 billion
recorded in the same period in 2012. Interest income grew by 16 per cent
from N111 billion to N128 billion, while net interest income
appreciated by 15 per cent from N79.9 billion to N91.35 billion. - See
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Zenith
Bank Plc Thursday declared a Profit Before Tax (PBT) of N54.1 billion
for the half year ended June 30, 2013, up from the N50.2billion posted
in the corresponding period of 2012.
Zenith
Bank Plc Thursday declared a Profit Before Tax (PBT) of N54.1 billion
for the half year ended June 30, 2013, up from the N50.2billion posted
in the corresponding period of 2012.
In the results made available to the Nigerian Stock Exchange (NSE), Zenith Bank’s profit after tax also rose from N42.41 billion to N45.419 billion.
In the results made available to the Nigerian Stock Exchange (NSE), Zenith Bank’s profit after tax also rose from N42.41 billion to N45.419 billion.
What is the source of this profit and what about their loans?what effect does all this profiit have on their staff?
ReplyDeleteZenith bank does not care about her staff. The only coperate social responsibilities they get involved in is branding lamp posts,roundabouts,etc with their logos and throwing figures in the face of the public.
ReplyDelete