Ecobank Transnational Incorporated releases Q2 2019 results

Ecobank Transnational Incorporated (ETI) has disclosed its unaudited financial results for the Q2 period ended June 30, 2019. Below are the key highlights from the results:

Gross Earnings: Gross earnings also rose from 384.5 billion in 2018 to N405.2 billion in 2019, representing an increase of 5%.

Revenue: Revenue for the period increased from N278.61 billion in Q2 2018 to N280.1 billion in 2019, indicating a 0.53% increase.

Profit Before Tax: Profit before tax also jumped from N65.09 billion in 2018 to N73.4 billion in 2019, representing a 13% increase.

Profit After Tax: Profit after tax increased from N51.55 billion in 2018 to N59.49 billion in 2019. Depicting an increase of 15.40%.

Earnings Per Share (Diluted): Diluted earnings per share also increased from 166 kobo in 2018 to 175.67 kobo in 2019. Indicating a boost of 5.82%.

Current Share Price: ETI is currently trading at N9 during today’s trading session on the floor of the Nigerian Stock Exchange (NSE).

You may download the full condensed unaudited financial report HERE.

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