Zenith Bank’s half-year profit increases to N117bn
Zenith Bank’s half-year profit increases to N117bn
Zenith Bank Plc has reported profit before tax of N117.06billion for the first half of 2021, rising by 2.67 per cent year on year, an audited interim report of the bank revealed on Friday.
The audited report for the six months ended June 2021, showed that the bank’s net interest income rose by 1.61 per cent to N159.94billion in the first half 2021 from N157.41billion in the same period of last year.
The bank’s earnings per share also rose to N3.38 from N3.30 in the corresponding period of 2020 but the gross earnings dropped to N345.56billion in the first half 2021 from NN346.09billion in the same period the previous year.
Based on this performance of the bank ‘s Company Secretary, Michael Otu, said in a statement than “an interim dividend of 30 kobo for every share of N50k subject to appropriate withholding tax will be paid to shareholders whose names appear in the register of members as at the close of business on the 10th day of September, 2021.”
