Ecobank posts N30.49bn profit in Q1 2021

Ecobank Transnational Incorporated on Monday published its first quarter report for the period ended 31 March 2021.

The Group reported Gross Earnings of N214.28 billion, up by 9.97% from N194.86 billion reported in Q1 2020.

Profit after tax in Q1 2021 grew by 23.48% to N30.49 billion from N24.69 billion reported in Q1 2020.

Earnings per share increased to N1.66 from the EPS of N1.35 in the First Quarter of 2020.

At the share price of N5.25, the P.E ratio of Ecobank stands at 3.16x with earnings yield of 31.65%.

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