Zenith Bank is a fast growing bank with her headquarter located in Nigeria.In 2006,the audited and published financial reports confirms Zenith Bank as the biggest bank in Nigeria and the second most profitable.The Zenith stock has enjoyed a positive progression from N10.90 to peak at N66.14 per share before the price was adjusted for the bonus issue approved for shareholders last year, representing a total gain of over N55.24 per share in just three years.
Zenith Bank Plc yesterday announced a profit before tax of N40.63 billion for the nine months ending March, 2008, indicating an impressive 111% jump over the N19.25 billion recorded for the same period in 2007.
The bank’s unaudited results for the period, released on the floor of the Nigerian Stock Exchange (NSE) also showed a remarkable 70% increase in gross earnings from N70.76 billion for last year to N120.30 billion.
The result, which indicated remarkable improvement on all parameters, equally showed profit after tax rising to N33.32 billion from N14.08 billion, representing a 137% jump, confirming Zenith Bank’s position as a market leader in terms of returns on investment.
The bank, which has long held an attraction with discerning investors, has delivered to its shareholders capital appreciation in excess of 600 per cent since its shares were listed on the stock exchange in 2004.
The bank’s unaudited results for the period, released on the floor of the Nigerian Stock Exchange (NSE) also showed a remarkable 70% increase in gross earnings from N70.76 billion for last year to N120.30 billion.
The result, which indicated remarkable improvement on all parameters, equally showed profit after tax rising to N33.32 billion from N14.08 billion, representing a 137% jump, confirming Zenith Bank’s position as a market leader in terms of returns on investment.
The bank, which has long held an attraction with discerning investors, has delivered to its shareholders capital appreciation in excess of 600 per cent since its shares were listed on the stock exchange in 2004.
HURRY INVEST IN ZENITH INCOME FUND AT #10.00 EACH AT PAR,ZENITH EQUITY FUND AT #10.00 EACH AT PAR,ZENITH ETHICAL FUND AT #10.00 EACH AT PAR.OFFER OPENS MAY 5TH 2008.LOG ONTO http://www.zenithbank.com/ FOR MORE DETAILS.
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