… profit rises by 179.6%
Zenith Bank Plc has released its audited results for the year ended December 31, 2023.
The tier-1 lender’s gross earnings increased by 125.4 percent in the review financial year while its profit before tax increased by 179.6 percent.
Gross earnings rose to N2.131trillion from N945.554 billion in 2022, while profit before tax (PBT) increased to N795.962 billion from N284.650 billion in 2022.
The Board of Directors have proposed a final dividend of N3.50 per share which in addition to the N0.50 per share as interim dividend amounts to N4 per share (2022: Interim dividend of N0.30 per share, final dividend of N2.90 and a total dividend per share of N3.20) from the retained earnings accounts as at 31 December 2023.
This dividend will be presented for ratification by the shareholders at the next Annual General Meeting.
Iheanyi Nwachukwu
Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos.
Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA).
Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.
