Zenith Bank profit after tax up by 6.8% in Q1 2019

Zenith Bank has released its results for the first quarter ended in March 2019. Here are the key highlights of the results.

Gross Earnings

Gross earnings dipped from N169 billion in 2018 to N158 billion in 2019. This amounts to a 6.9 decline year on year.

Profit before tax

Profit before tax, however, rose from N54 billion in 2018 to N57.2 billion in 2019. This amounts to a 5.9% increase year on year.

Profit after tax

Profit after tax also increased from N47 billion in 2018 to N50.2 billion in 2019. This amounts to a 6.8% increase year on year.

Source: Nairametrics

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