Q3’19: Nem Insurance Files 27% Pre-Tax Growth to N2.415bn

Nem Insurance Plc has filed 27.51% growth in Profit Before Tax (PBT), standing at N2.415bn better than N1.894bn filed in 2018

The Q3 unaudited financial reports of the Company was made public, on 29th October, 2019 which showed that, the Turnover appreciated from N12.6bn recorded in the same period the previous year to arrive at N16.4bn recorded in the current period under review

The Company grew 27.51% of its Profit After Tax from 2018’s N1.600bn to N2.040bn recorded in the current period of 2019.

The earnings per share also soared by over 27% while the current period’s PE Ratio is at 5.17x and the earnings yield stands at 19.33% with a reference price of N2.00 at the close of trading on 29th October 2019.

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