Cornerstone posts full-year 2018 Gross Earnings at N11.5bn, Grows EPS by 189%

The full year financial report of Cornerstone Insurance Plc for the year ended December 2018 reveals that the group topline figures grew by 25% closing at N11.570 billion from the previous close of N9.201 billion in 2017.

Profit After Tax (PAT), grew massively by 189% to settle at N3.284 billion from previous year deficit of N3.362 billion.

For the period under review, the EPS of cornerstone stands at N0.20 from a deficit of N0.23 recorded in the preceding year of 2017.

At a stock price of N0.21, the company’s price to earnings ratio settles at 1.03x with about 97.56% earnings yield as at the released date

No Dividend info by the management of the company as at the close of trade on the 25^th June, 2019 being the release date.