Zenith Bank grew 8.52% PAT in Half Year, 2018

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Zenith Bank Plc on the 6th of August, 2018 posted N81.7 billion Profit after Tax for the half year ended June 30, 2018. This is about 8.52% improvement on its previous reported PAT of N75.3billion in the corresponding period of 2017.

For the period under review, revenue closed at N322.2 billion, declining by 15% from the previous close of N380.4 billion in the corresponding quarter in 2017.

The bank’s earnings per share climbed 8.52% from about N2.40 in 2017 to N2.60 in the current period under review, with outstanding number of shares of about  31.3billion.

With N23.9 as the reference price, PE ratio of Zenith bank is 9.18x with earnings yield of 10.89%.

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