FY’18: Regency Files 3.30% Improvement in Turnover, Proposes 3kobo as Dividend

Regency Assurance Plc has filed a 3.30% growth in Turnover. The 2018 Full Year audited financial reports of the Company was made public, on Friday, 12th of April, 2019 revealed a growth in Turnover of N5.52bn recorded in the same period the previous year to  arrive at N5.766bn recorded in the current period under review

The General Insurance Company shed 0.71% Profit After Tax from 2017’s N275mn to N273mn recorded in the current period of 2018.

The earnings per share dropped by 0.71% while the current period’s PE Ratio is at 6.10x and the earnings yield stands at 16.40% with a reference price of N0.25 at the close of trading.

A Final Dividend of 3 kobo 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 Friday, the 10th day of May 2019

Closure of Register: The Register of Shareholders will be closed from Monday, the 13th day of May to Friday, the 17th day of May 2019 both days inclusive.

Qualification Date: Friday, 10th day of May 2019

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