Lion International Bank Nets 75.4 Million Birr
Lion International Bank, Ethiopia earned 75.4 million birr after tax in the last financial year registering a 72.2 percent increase from the revenue it had earned in the previous fiscal period. The bank announced its profits at the eight annual shareholders meeting held at the Sheraton Addis Hotel.
The bank’s shareholders expressed their appreciation for the positive performance shown by the bank although Earnings Per Share remained similar to the previous year standing at 6.09 Br for a par value of 25 Br, as compared to 4.40 Br last year.
The EPA did not show a significant increase due to the large increase in capital initiated by the bank said Negusu Gebregziabher, President of the Bank.
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