Mutual benefits Assurance reports 15.82% PAT decline in Q2 ‘18

Mutual Benefits PLC in its 2018 quarter 2 financial results released to the public through the Nigeria Stock Exchange on August 1st, 2018, said that its profit after tax dropped by 15.82% from N776million of H1’17 to settle at N653 million in the current period.

Though the company’s disclosed a 15.27% rise in topline figure from N7.6 billion recorded in the same period of the previous year, to N8.8 billion of of the current period of 2018.

The earnings per share also dipped by 15.82% from 10kobo recorded in 2017 to 8kobo of the current period.

The current period’s PE Ratio as computed stood at 4.7x with an earnings yield of 20.95%.

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