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Zenith Bank Records N37 Billion Profit, Declares 85 Kobo Dividend.
Byline: Michael Eboh
Zenith Bank Plc has recorded a significant improvement in its bottom line for its 2010 financial year, as its profit after tax appreciated by 81.59 per cent to N37.414 billion, from N20.603 billion recorded in the 2009 financial year.
The bank, in its audited financial statements for the year end, December 31, 2010, released to the investing community, Tuesday, also announced a dividend of 85 kobo per share for its shareholders, representing an improvement of 88.89 per cent from a dividend of 45 kobo declared in 2009.
This was in spite of a decline in its earnings in the period under review. The bank recorded a gross earnings of …
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