Jaiz Bank boosts Half Year 2021 profit by 70.65%

Jaiz Bank Plc in its published half year result for the period ended 30 June 2021 achieved significant growth in topline and bottom line figures.

Gross income from financing & Investment transactions was reported as N11.653 billion, up by 45.51% from N8.008 billion reported the previous year.

Profit after tax grew by 70.65% to N1.999 billion from N1.172 billion profit reported the previous year.

Earnings per share of the bank increased to 7 kobo from the EPS of 4 kobo achieved the previous year.

At the share price of 62 kobo, the P.E ratio of Jaiz Bank stands at 9.14x with earnings yield of 10.94%.

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