Zenith Bank Plc boosts profit by 149.05% in Q3 2023, Gross Earnings hit N1.33tn

Zenith Bank Plc on Monday published its Third Quarter report for the period ended 30 September 2023.

The financial institutions reported Gross Earnings of N1.329 trillion for the 9 months period, up by 114.17% from N620.574 billion reported the previous year.

Profit after tax grew year on year by 149.05% to N434.172 billion from N174.331 billion reported the previous year.

Earnings per share of the Group stands at N13.83.

At the share price of N33.5, the P/E ratio of Zenith Bank stands at 2.42x with earnings yield of 41.28%

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