The Unaudited reports for the first three months ended March 31st , 2020 of Ecobank Transnational incorporation plc revealed a decline of 2.30% in topline figures to close the period at N194.8 billion away from N199.4 billion reported same period the previous year in 2019.
The first quarter reports which hit the market today 24th of April, 2020 showed a drop of about 19% in Profit after Tax to N24.6bn below N30.5bn recorded in the preceding year of 2019.
The earnings per share consequently dropped by 19.26%, from 167kobo in 2019 to 135kobo in the period under review.
The PE Ratio for the current period stands at 3.34x and the earnings yield at 29.91%.