Niger Insurance Plc released its financial results for the period ended 30th June 2019 on Tuesday 24th of September, 2019.
The Insurance Company recorded 53.8% decline in Gross Earnings, closing at N1.117 billion below the previous close of N2.420 billion in the half year of 2018.
Profit before Tax also fell by 73% to stand at N64.5 million from N242.7 million in the previous year.
Profit after tax plunged to N63 million, shedding 72.7% when compared with N232 million it closed in 2018
The earnings per share for the period under review is N0.01 from the previous EPS of N0.03 in the half year of 2018.
With the reference price of N0.20 at the released day, the P.E ratio of Niger Insurance is at 24.46x and earnings yield of 4.09%.