April 27, 2020/InvestmentOne Report Mixed topline performance: up 45.98% q/q, down 30.71% y/y ·        Improved gross profit margin of 25.71%: up from -32.44% in Q4 19 and 560y/y basis. ·        Mixed Opex/sales ratio performance at 22.10%: down q/q from 68.45% and up from 12.36% on a y/y basis. ·        Profit […]

April 24, 2020/InvestmentOne Report Net interest income of N64.28billion, up 10.02%q/q , 10.42%y/y      ·         Non-interest income of 35.83billion, down 3.83% q/q, 0.04%y/y. ·         Profit before tax of N58.20billion, down 6.20%q/q, up 1.17% y/y. ·         Profit after tax of N50.07billion, down 1.58%y/y, up 0.43%y/y.   Jump in OPEX Drags Earnings […]

Culled—Proshare April 24, 2020 by CardinalStone Research Ecobank Transnational Incorporated (ETI) recorded a 19.0% YoY decrease in earnings to $66.0 million in its unaudited Q1’20 result. The decline in earnings largely reflected a 67.0% fall in loan recoveries in the review period. Similarly, lower loan recoveries impacted net impairment losses on […]