ZB Financial Holdings profit drops 31%
The financial services group reported a profit after tax of ZiG610 million, down from the previous year.
ZB Financial Holdings saw its profit after tax fall by 31% to ZiG610 million in the latest reporting period compared to the same period last year.
Despite the overall profit decline, the company's sustainable profit, which excludes exchange gains and fair value adjustments, increased significantly to ZiG215 million from ZiG40 million.
This rise in sustainable profit suggests an improvement in earnings derived from the group's core business operations, even as the balance sheet grew.