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 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%