Ecobank Reports N842bn Gross Earnings, grew PAT by 28% in Full Year, 2019

Ecobank Transnational Incorporation Plc, in its 2019 Full Year financial results submitted to the Nigerian Stock Exchange on the 23rd March, 2020 showed that the Financial Institution filed a growth of 9.05% in its topline figures from N772.5 billion of FY’18 to  N842.4 billion in FY’19.

The company’s financial results also shows a growth of 28.40% in Profit After Tax from N7.4 billion recorded in the same period the previous year to N99.4 billion in the current period under review.

The earnings per share grew by over 28% from N4.22 recorded in 2018 to N5.42 in the current period, while the current period’s PE Ratio as computed stands at 0.90x and the earnings yield at 110.62%.

There was no Dividend information as at the time the company’s financial statements for the full year 2019 was released.

 

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