Ecobank Trans International (commonly known as Ecobank) has released its audited results for the 2018 financial year. Here are key highlights from the results.

Gross Earnings

Gross earnings increased marginally from N763 billion in 2017 to N773 billion in 2018. This amounts to a 1% increase year on year

Profit before tax

Profit before tax rose from N88.3 billion in 2017 to N135.5 billion in 2018. This amounts to a 53% increase year on year.

Profit after tax

Profit after tax also rose from N69.7 billion in 2017 to N101.9 billion in 2018. This amounts to a 46% increase year on year.

Earnings per share 

Earnings per share (basic) increased from N2. 22 per share in 2017 to N3.30 per share in 2018. Year on year, earnings per share rose by 49%

ECOBANK TRANS INTERNATIONAL FY 2018 RESULTS

Business day
Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

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