WorldStage Newsonline-- Zenith Bank Plc on Thursday released its first quarter ending March 2012 result grossing N72.356 billion. The bank also released its full year result ending December 2011 grossing N236.375 billion.
According to the bank, its grossing earning grew to N72.356 billion in first quarter when compared with N54.257 billion recorded in first quarter last year by the bank, this represents a growth of 33.3 per cent.
It went further to say that its Profit Before Tax went up by to stand at N23.012 billion as against N18.350 billion recorded last year, while the full year ending 2011 profit before tax stood at N78.252 billion.
The bank noted that taxation in first quarter this year rose by 22.6 per cent to stand at N3.786 billion when compared to the corresponding year 2011 when it recorded N3.087 billion, while taxation stood at N16.509 billion for the full year ending December 2011.
While Profit after Tax rose by 25.9 per cent to stand at N19.226 billion this year as against N15.263 billion recorded last year in first quarter, N48.079 billion was recorded as PAT for the full year ending December 2011.
Similarly, Skye Bank on Thursday released its result for the first quarter ending March, 2012 and also its financial year ending December 2011.
According to the bank, its gross earnings for the first quarter grew by 12.6 per cent from N24.721 billion in 2011 to N27.839billion by March this year, while its gross earnings for full year 2011 stood at N105.245billion .
Presenting its result on the floor of the Nigerian Stock Exchange, the bank said that Profit before Tax in first quarter dropped by 4.6 per cent to stand N4.089 billion when compared with N4.287 billion recorded in first quarter of last year, while profit before tax for the full year ending December 2011 stood at N5.777 billion.
The statement further said that taxation in first quarter of this year dropped by 31.1 per cent to N613 million as against 890 million recorded first quarter of last year, while taxation in the full year ending December 2011 stood at N1.331 billion.
It noted that the bank’s Profit after Tax grew by 2.32 per cent to stand at N3.476 billion as against N3.397 billion recorded last year in first quarter ending March, while profit after tax in the full year 2011 stood at N4.446 billion.