By InvestAdvocate

Lagos (INVESTADVOCATE)- Pan-African lender, Ecobank Group said on Friday its  profit after tax (PAT) for the half-year (H1) period ended June 30, 2016 dropped 35 percent to N3.08 billion from N48.11 billion posted a year earlier.

Similarly, profit before tax (PBT) declined 32 percent to N41.55 billion compared to N61.41 billion declared the same period of 2016.

In the same vein, gross earnings of ETI dipped from N274 billion in the H1 period f 2015 to N273 billion in the review period of 2016; showing a slight decrease of 0.2 percent, the pan-African lender said in a filing to the Nigerian Stock Exchange (NSE).

Shares of ETI at the close of the session on the Nigerian bourse declined 1.47 percent to N12.74 from N12.93 traded previously; losing 0.19 kobo per share.

Click here to download Ecobank Group reports performance for the six months ended 30 June 2016