ZENITH BANK ANNOUNCES N110.59 BILLION PROFIT FOR 2013

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Zenith Bank on Tuesday announced that its 2013 pretax profit rose to N110.59 billion ($673 million), up 8.3 percent from the same period a year earlier, and it will pay a dividend of N1.75 per share.

Gross earnings grew to N351 billion during the period to December 31, against N307 billion in 2012, the Nigerian bank said.

Zenith, Nigeria’s third biggest lender by total assets, increased its proposed dividend payment by 9.4 percent from N1.60 per share it paid in 2012.

Source: Reuters

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