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Home Industries Company News

Ecobank releases Q3 2018 financial result

Ibukun SamuelbyIbukun Samuel
4 years ago
in Company News, Company Results, Markets
Bonds
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Ecobank Transnational Incorporated (ETI) has released financial result for the nine month period ended 30th September 2018.

Here are the key highlights of the results:

Revenue

Revenue for the group increased from ₦414 billion in 2017 to ₦419 billion in the year under review. This represents a 1%  increase year on year.

Profit Before Tax

Profit Before Tax increased from ₦69 billion in 2017 to ₦96 billion. This represents a 39% increase year on year.

Profit After Tax

Profit After Tax also increased from ₦58 billion in 2017 to ₦76 billion. This represents a 31% increase year on year.

Earnings Per Share

The Earnings Per Share also increased from ₦201 in 2017 to ₦246 in 2018. This represents a 22% increase year on year.

Current Share Price

Ecobank Transnational Incorporated (ETI) is currently trading at ₦16.00 in today’s trading session on the floor of the Nigerian Stock Exchange.

DOWNLOAD ECOBANK Q3 2018 RESULTS

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Tags: EcobankEcobank Transnational Incorporated (ETI)

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