eTranzact leads e-payment transition to holding structure | The Guardian Nigeria News - Nigeria and World News

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eTranzact International Plc, Nigeria’s leading electronic payment system company, posted a profit before tax (PBT) of N536.4 million for the 2021 financial year.

Deputy Managing Director, eTranzact International Plc, Hakeem Adeniji-Adele; Chairman Board of Directors eTranzact, Wole Abegunde; Company Secretary, Chidinma Onwubere and Managing Director/Chief Executive Offer, eTranzact, Mr Niyi Toluwalope during the 18th yearly general meeting of eTranzact International Plc held in LagosThe figure is 128.66 per cent improvement from the N1.

The payment processing company also achieved a 124.13 per cent growth in its profit before tax . The figure rose from a negative region of N1.89 billion to N455.75 million. The company, at the previous AGM, had disclosed its intention to embrace a holding structure to retain its leadership role across critical areas of the ecosystem. Abegunde said the process of transitioning to a holding company was on course.

 

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