Zenith Bank Plc has recorded 22.17 per cent income of N54billion in the first quarter of the year compared to N44.2billion in same
period of 2017.
The company’s profit after tax stood at N47.08billion, a rise from N37.49billion in the first quarter of last
year.
According to Zenith Bank’ consolidated and separate interim financial statements which were filed with the Nigerian Stock Exchange, its assets grew to N5.68trillion at the end of the Q1 2018.
This is against the N4.74trillion made in the first quarter of 2017, just as its total liabilities rose to N4.94trillion from N4.05trillion at the review period.
Reacting, analysts at FBNQuest Capital said that the 22 pe cent growth in pretax profit put the bank on track to meeting its fulyear target of N210billion.
