Ecobank Transnational Incorporated records N37bn PBT in Q1 2019

Ecobank Transnational Incorporated (ETI), earlier today disclosed its financial result for the first quarter (Q1) period ended March 31st, 2019. Below are key highlights of the result:

Gross Earnings: Gross earnings increased from N198.6 billion in 2018 to N199.4 billion in 2019, indicating a 0.50% increase.

Profit Before Tax: Profit before tax also rose from N33.9 billion in 2018, to N37.09 billion in 2019, representing an increase of 12.12%.

Profit After Tax: Profit After Tax also jumped from N27 billion in 2018, to N30 billion in 2019, representing an 11.11% increase.

Earnings Per Share (Diluted): Diluted earnings per share fell from 95 kobo in 2018, to 91 kobo in 2019.

Current Share Price: ETI is currently trading at N10.45 during today’s trading session on the floor of the Nigerian Stock Exchange (NSE).

You may download the ETI’s Q1 2019 results here.