Niger Insurance Profit after Tax Jumps 160% in FY’18

The full year results for 2018 of the insurance company recently released to the market indicated a total revenue of N4.4billion and Profit after tax of N593.8million which represent 48% decline and 160% growth away from N8.5 billion and N978.9 million deficit recorded in the results of same period of 2018 respectively.

Consequently, the current earnings per share grew to N0.8 kobo from N0.13 kobo deficit reported same period last year.

The company’s current PE Ratio settled at 2.61x and Earnings yield 38.36% at N0.20 reference stock price



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