Zenith Bank Plc has recorded 5.06% growth in topline figures, standing at N662.2bn better than N630.3bn filed in 2018.
The 2019 Full Year audited financial reports of the Company was made public, on Friday, 21st February, 2020 which showed a growth in profit before tax (PBT) from N231.6bn in 2018 to N243.3bn.
The Financial institution advanced by 7.97% in Profit After Tax from N193.4bn in 2018 to N208.8bn recorded in the current period of 2019.
The Bank’s earnings per share grew also by 7.9% to stand at N6.65 away from 2018’s N6.16 while the current period’s PE Ratio is at 3.00x and the earnings yield stands at 33.34% with a reference price of N19.95 at the time of computation on Friday.
The group management of the bank has proposed a final dividend of N2.50 (bringing the total dividend for the year under review to N2.80) subject to withholding tax and approval will be paid to the shareholders at the close of business on the 9th day of March, 2020