Ecobank gross revenue hits N773 billion in FY 2018

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