Zenith Bank reports 0.6% PAT for Q1 2020

Zenith Bank Plc has released its consolidated and separate interim financial statements for first quarter 2020. The financial statements demonstrate positive figures across most financial indicators. The breakdown of the report is shown below:

Gross Earnings: Zenith Bank generated N166.8 billion in gross earnings as at March 2020, compared to N158.1 billion recorded at the end of the first quarter of 2019. This represents an increase of 5.5%.

Profit Before Tax: As at the end of the first quarter of March 2020, the lender recorded N58.7 billion as profit before tax, up from N57.2 billion at the end of Q1 2019. This represents an increase of 2.6%.

Profit After Tax: The bank recorded a profit of N50.5 billion for the first quarter of 2020, compared to N50.2 billion recorded at the end of March 2019, representing a 0.6% increase in profit after tax.

Earnings Per Share: Zenith Bank recorded an Earnings Per Share of N1.61 kobo for Q1 2020 as against N1.60 recorded as at the end of March 2019.