Ecobank Transnational Incorporated on Tuesday published its Audited Financial Statement for the year ended, 31 December 2020.
The Group reported Gross Earnings of N841.14 billion, down by 0.16% from the Gross Earnings of N842.49 billion in 2019.
Profit after tax of N33.74 billion was reported for the 12 months period, down by 66.08% from N99.46 billion reported in 2019.
Earnings per share (EPS) dropped to N1.84 from the EPS of N5.42 in 2019, which translates to 66.08% decline year on year.
At the share price of N4.8, the P.E ratio of Ecobank stands at 2.61x with earnings yield of 38.31%.