Zenith Bank grows Q1 profit by 5.07% to N53bn

Zenith Bank Plc in its published first quarter report for the period ended 31 March 2021 reported Gross Earnings of N157.309 billion, down by 5.70% from N166.814 billion reported in Q1 2020.

Profit after tax of the financial giant for Q1 2021 grew by 5.02% to N53.060 billion from N50.526 billion reported in Q1 2020.

Earnings per share of Zenith Bank of the period under review increased to N1.69 from the EPS of N1.61 reported in Q1 2020.

At the share price of N22.25, the P.E ratio of Zenith Bank stands at 13.17x with earnings yield of 7.60%.

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