Veritas Kapital Assurance Plc on 22 May, 2019 released its audited financial results for the year ended 31 December 2018. The result revealed that the Insurance Company grew in Revenue by 38.26% to close at N3.333 billion against the previous close of N2.411 billion in the corresponding period of 2017.
The Profit after Tax (PAT), also soared by 0.77% to close the year at a deficit of N695 million against the previous deficit close of N700 million in FY’17.
With about 13 billion share outstanding, the Shareholders’ earnings per share declined by 0.77% to close at N0.05.
At a reference price of N0.21, it traded last, the company’s PE Ratio is at -4.19x with earnings yield of -23.88%.