ZENITHBANK Post N63.3 Billion Pretax Profit in H1 2016

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Nigeria’s top tier lender, Zenith Bank Plc on Thursday posted a pretax profit of N63.3 billion in the half-year (H1) period ended June 30, 2016 compared to N72.2 billion a year ago.

The lender declared a profit after tax (PAT) of N44.8 billion in the H1 period of 2016 compared to N53.2 billion declared the same period of 2015.

Gross earnings of Zenith Bank declined 6.2 percent to N214.8 billion compared to N229.1 billion a year earlier, the bank said in a filing with the Nigerian Stock Exchange (NSE).

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Shares of Zenith Bank at the close of the session on the Nigerian bourse declined 2.50 percent to N15.60 from N16.00 recorded the previous trading day; losing 0.40 kobo per share.