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 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.