First Quarter Group Results
Performance by Geography
3 Months Ended March 2023
(N'million)
Nigeria Rest of Africa
Europe Eliminations Consolidated
Total Revenue
Nigeria
Q1 2023
86.4%
Total revenue
240,400
19,064
18,649
(8,119)
Total expense
(167,416)
(9,501)
(8,081)
1,609
269,994
(183,389)
Profit before tax
72,984
9,563
10,568
(6,510)
86,605
Tax
(18,353)
(230)
(2,010)
(20,593)
Profit after tax
54,631
9,333
8,558
(6,510)
66,012
Europe
6.7%
Rest of Africa
6.9%
3 Months Ended March 2022
(N'million)
Total Revenue
Q1 2022
Nigeria
84.5%
Nigeria
Rest of Africa
Europe Eliminations Consolidated
Total revenue
168,752
23,712
7,316
(8,257)
191,523
Total expense
(109,687)
(11,004)
(2,957)
116
(123,532)
T
Profit before tax
59,065
12,708
4,359
(8,141)
67,991
Tax
(7,077)
(2,031)
(685)
(9,793)
Europe.
3.7%
Rest of Africa
Profit after tax
51,988
10,677
3,674
(8,141)
58,198
11.9%
© 2023 ZENITH BANK PLC | First Quarter Group Results Presentation to Investors & Analysts | Page 36View entire presentation