CHIPLC posts full-year 2018 Gross Earnings at N6.8bn, proposes N0.02 Dividend 

The full year financial report of Consolidated Hallmark Insurance Plc for the year ended December 2018 reveals that the group topline figures grew by 20.85% closing at N6.864 billion from the previous close of N5.680 billion in 2017.

Profit before Tax (PBT), declined by 16.63% to settle at N534 million from N641 million of 2017.

The Profit after Tax (PAT) grew marginally by 0.12% to arrive at N406.710 million from the previous close of N406.205 million.

For the period under review, the EPS of Hallmark stands at N0.050 from N0.049 earned in the preceding year of 2017.

At a stock price of N0.30, the company’s price to earnings ratio settles at 0.60x with about 17% earnings yield as at the released date

A Final Dividend of 2kobo per 50 kobo share subject to shareholders’ approval and appropriate withholding tax will be paid to shareholders whose names appear in the Register of Members as at the close of business on 6th May 2019

The Register of Shareholders will be closed on 7th – 13th May 2019 while Qualification date is 6^th May, 2019