Ecobank Group records $125M increment in 2022 first quarter unaudited earnings
Ade Ayeyemi, CEO, Ecobank Group, says despite a difficult operating environment, they continued to support their customers effectively, which paid off as their businesses grew their revenues and profits.
Ecobank Group has announced unaudited first quarter of 2022 profit before tax increase of 25% to $125 million.
Ade Ayeyemi, Group CEO said “We delivered strong 1Q 2022 results with profit before tax increasing by 25% to $125 million, diluted earnings per share up 29% to 0.27 US cents and net revenue growth of 7% to $436 million. Returns on tangible shareholders’ equity of 18.9% was a
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