Cornerstone Insurance Plc grew its first six months Turnover in 2020 to N8.042bn which is about 4.2% improvement from N7.717bn reported same period in 2019.
The company’s profit after tax (PAT) for the period under review stood at N1.001bn, appreciated by 99.41% when compared with N502mn reported last same period in 2019.
The shareholders’ earnings per share of N0.07 for the period under review when compared with N0.03 reported for the comparative period of 2019, represented 99.41% growth.
At a price of N0.55, Cornerstone’s PE Ratio stood at 8.10x with about 12% earnings yield.