Zenith Bank Posts N95.32 billion Profit; Declares N1.75 Dividend

Zenith Bank Plc. has posted a profit after tax (PAT) of N95.32 billion for the financial year ended December 31, 2013. The report is contained in the company’s audited result released by the Nigerian Stock Exchange (NSE) which is against the N100.68 billion posted in 2012. The profit represented a marginal decrease of 5.32 percent when compared with the figure for 2012. The bank’s gross earnings stood at N351.47 billion against N307.08 billion achieved in 2012, representing a growth of 14.46 per cent. It also proposed a dividend of N54.94 billion in contrast to N50.23 billion declared in the corresponding period in 2012. The dividend translated to N1.75 per share compared with N1.60 declared in 2012. The payment of the proposed dividend, if approved by the shareholders on April 2, would be paid on April 4. The bank is the first bank to declare its 2013 audited result on the NSE.