Zenith Bank Plc reports N2.9trn revenue in 9 months, grows profit by 90.54%

Zenith Bank Plc has reported a significant revenue growth of 118.17%, with gross earnings reaching N2.9 trillion in Q3 2024, up from N1.33 trillion in Q3 2023.

The financial institution also achieved a profit after tax of N827.3 billion for the nine-month period, marking a 90.54% increase from the N434.17 billion reported the previous year.

Earnings per share (EPS) for Zenith Bank stands at N26.35. With a share price of N39.5, the price-to-earnings (P/E) ratio is calculated at 1.50x, indicating an earnings yield of 66.71%.

Related Posts

15

Sep
Business & Economy

NGX ASI rebounds with 1.13% growth WtD, investors gain N985bn

The Nigerian stock market rebounded last week after four consecutive sessions of losses, posting a ₦985 billion gain on the back of price growth in 70 equities. The All-Share Index (ASI) advanced by 1.13%, closing at 140,545.69 points, compared to 138,980.01 points in the previous week. Similarly, market capitalization rose by 1.12% to settle at ₦88.922 trillion, […]