+234 (1) 453 9639 | 0803 374 0045 | customerservice@globalviewng.com

ZENITHBANK FY’2016 PERFORMANCE SNAPSHOT – PAT grew significantly by 22.70%y/y; declares 1.77 final dividend.

27
Feb

 

Zenith Bank Plc (ZENITHBANK)  released its 12 months audited results for the period ended December 31st, 2016, this morning, being 27th of February, 2017.

From the result gathered,

Gross Earnings grew by 17.45% y/y to N508.00 billion, so was Operating Expenses by 3.78% y/y.
Profit Before Tax and Profit After Tax, both increased significantly by 24.78% y/y and 22.70% y/y
to N156.75 bilion and N129.65 billion respectively after a tax surge of 35.80%y/y

Earnings per share (EPS) also grew to N4.12 in the period, compared with N3.36 recorded in the previous year.
The directors also recommended a final dividend of N63.42 billion, which translate to N1.77 per share set for a closure date for 10th March through 13th March 2017 and a payment date set for 23rd March, 2017.

The FY growth  in PBT was spurred by a massive improvement of 401.66%y/y in Other Income ( Forex Income of N20 billion ) and 56%y/y in Trading Income ( Foreign currency revaluation gain of N25.59 billion) compared with losses in previous year.

Finally, ZENITHBANK result was impressive compared to the previous year in review, outperforming both management guidance and consensus estimate.

 

fake richard mille
There are not many functions of richard mille replica, except for the basic time display, there is only a very powerful tourbillon function. Its time display function has only two hands, hour and minute hands. Although it cannot display the time accurately to the second, it has a good effect on the overall style of the watch. The diameter of the tourbillon is 10.90 mm, and its position is just in the mouth of the skull. It can be said that the position is very classic. When the watch is working, the tourbillon is spinning fast in the skull's mouth, faintly visible through the gaps of the cage-shaped teeth made of rose gold, giving people not only a mechanical beauty but also an indescribable feeling. It can be said that it is a kind of awe of death, or it is a shock of immortal imagery. In short, let go of your thinking, on this fast-moving tourbillon, your thoughts have no end. This watch also uses a back-through design. The movement of the movement and the operation of the tourbillon can also be seen through the back of the watch. This watch is also known as a fine product in terms of machinery.
The latest and best quality materials in today's watch field are used in conjunction with precious metals to make it surrounded by a luxurious and noble aura when it is born. The detailed processing of each screw and each plane is a manifestation of its high quality. It perfectly combines the unconventional skull design with the tourbillon technology that Richard Mille is famous for. It gives people visual enjoyment and brings us thinking about the ultimate problem of life, which is evocative. endless. Coupled with a movement that has applied many advanced technologies to show the beauty of machinery in front of people, its performance is beyond doubt!