Ecobank Transnational Incorporated (ETI) has posted its 2021 half year unaudited results, recording a profit before tax which grew to $210 million. This
Ecobank Transnational Incorporated has posted its 2021 half year unaudited results, recording a profit before tax which grew to $210 million.
In its unaudited financial statement for the first half of the year ended June 30, 2021, Ecobank said its operating income improved by 15.35 per cent year-on-year from June 30, 2020, as operating profit before impairment charges and taxation rose by 32.62 per cent to N138.26 billion. “As a result, we generated a return on tangible equity of 16.1 per cent versus 15.2 per cent a year ago and increased diluted earnings per share and tangible book value per share by 19 per cent and six per cent, respectively.”
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