Ecobank Transnational Incorporated on Friday published its audited financial report for the period ended, 30 September, 2020.
The report revealed a gross earnings of N613.15 billion, up by 0.4% from N610.87 billion reported the previous year.
Profit before tax and goodwill impairment was down by 13% to N95.1 billion from N109.49 billion
Profit before tax for the period under was down by 68% to N34.5 billion from N109.49 billion reported the previous year.
Profit after tax came down by 87% to N10.28 billion from N78.84 billion reported the previous year. Earnings per share (EPS) came down to N0.56 from the EPS of N4.30.
At the current share price of N5.35, the P.E ratio of Ecobank stands at 9.55x with earnings yield of 10.47%.