Zenith Bank grows profit by 5.7% to N159.3bn in Q3’20

Zenith Bank on Friday published its third quarter report for the period ended 30 September 2020. The financial giant reported a Gross Earnings of N508.975 billion, up by 3.6% from the Gross Earnings of N491.268 billion in third quarter of 2019.

Profit after tax grew by 5.70% year on year, to N159.3 billion from N150.7 billion reported in 2019.

Earnings per share grew to N5.07 from the EPS of N4.8, which translates to 5.7% growth year on year.

At the share price of N25.7, P.E ratio of Zenith Bank stands at 5.06x with earnings yield of 19.74%.

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