Q1

Fall In Profits Could Dent ETI Share Performance

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First Quarter 2017 [Q1-2017] financial performance of Ecobank Transnational Incorporated [ETI] was not impressive owing to the fact that there was a dip in the company’s fundamentals. Profit before Tax [PBT] fell by 16%; from GHS 398,752,000 same period prior year to GHS 395,214,000 in Q1-2017. Strong economic headwinds and uncertainties in some countries of … Read more

Dip In Q1-2017 Profits To Impact GCB Share Performance

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GCB Bank recorded a 31.06% dip in pre-tax profits in the first quarter of 2017 [Q1-2017]. Profit before Tax fell from GHS 126,862,000 in Q1-2016 to GHS 87,464,000 in Q1-2017. The significant fall in pre-tax profits can largely be attributed to the growth in impairment losses on loans and advances. Impairment loss on loans and … Read more