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Zenith Bank posts N95.32bn profit, declares N1.75 dividend

By on March 11, 2014

Zenith Bank has posted a profit after tax of N95.32 billion for the financial year ended Dec. 31, 2013.

The report is contained in the company’s audited result released by the Nigerian Stock Exchange (NSE) in Lagos on Tuesday.

The News Agency of Nigeria (NAN) reports that this was against the N100.68 billion posted in 2012.

The profit represented a marginal decrease of 5.32 per cent 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.

NAN reports that 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. (NAN)