EARNINGS ALERT – Monday, 12th March, 2018

ZENITH BANK PLC released its audited FY 17 results with EPS of ₦5.66 (₦4.12 in 2016) declaring a final dividend of ₦2.45 per share, bringing the total dividend to ₦2.70 . Please find attached the full result of ZENITH BANK PLC as released on the NSE and see key highlights below:

  • Gross earnings grew by 46.69% to N745.19bn in 2017.
  • Other operating income was down by 15.62% to N22.44bn (N26.59bn in 2016) .
  • Trading grains grew significantly to N157.97bn in 2017 from N28.4bn in 2016 arising largely from income from derivatives and treasury bill
  • Operating expenses went up by 42.53% to N148.34bn (N104.08bn in 2016)

Corporate Action
Proposed Dividend                   245 kobo
Qualification date                     3rd April 2018
Payment Date                          13th April 2018

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