Ecobank, Ayo Adepoju's appointment

Ecobank Transnational Incorporated (ETI) has disclosed its unaudited financial results for the Q2 period ended June 30, 2019. Below are the key highlights from the results:

Gross Earnings: Gross earnings also rose from 384.5 billion in 2018 to N405.2 billion in 2019, representing an increase of 5%.

Revenue: Revenue for the period increased from N278.61 billion in Q2 2018 to N280.1 billion in 2019, indicating a 0.53% increase.

Profit Before Tax: Profit before tax also jumped from N65.09 billion in 2018 to N73.4 billion in 2019, representing a 13% increase.

Profit After Tax: Profit after tax increased from N51.55 billion in 2018 to N59.49 billion in 2019. Depicting an increase of 15.40%.

Earnings Per Share (Diluted): Diluted earnings per share also increased from 166 kobo in 2018 to 175.67 kobo in 2019. Indicating a boost of 5.82%.

Current Share Price: ETI is currently trading at N9 during today’s trading session on the floor of the Nigerian Stock Exchange (NSE).

You may download the full condensed unaudited financial report HERE.

[READ: MTN releases Q2 2019 financial statements]

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