Zenith Bank Plc has announced N103.8 billion Profit After Tax (PAT) in its its audited results for the half-year ended June 30 2020.
The bank has also proposed an interim dividend of 30 kobo per share to be paid to shareholders whose names appear in the register of members as at the close of business on the 16th day of September 2020. This is a clear demonstration of the bank’s resilience given the challenging operating environment occasioned by the novel coronavirus (COVID-19) pandemic.
According to the audited statement of account which was yesterday presented to the Nigerian Stock Exchange (NSE), September 3, 2020, gross earnings grew by four per cent from N332 billion in 2019 to N346 billion, driven by six per cent growth (YoY) in non-interest income from N110 billion in half-year 2019 to N116 billion in half-year 2020.
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The growth in gross income and the decline in interest expenses culminated in a two per cent growth year-on-year of Profit Before Tax which increased to N114 billion in half-year 2020 from N112 billion in half-year 2019. Earnings per share also increased by 17 per cent to N3.30 in half-year 2020 from N2.83 in half-year 2019.
 in its its audited results for the half-year ended June 30 2020.){kind=link}