The First quarter financial report of Cornerstone Insurance Plc for the period ended March 31st, 2019 reveals that the group soared by 37.22% in gross earnings closing at N4.793bn above the previous close of N3.493bn in 2018.
The Profit after Tax (PAT), fell by 110% to arrive at a deficit of N43.6mn from N416.8mn recorded in Q1’18.
With about 14bn share outstanding, the Shareholders’ earnings per share dipped by over 100% from N0.03 of the corresponding period in 2018.
At a reference price of N0.20 it traded as at the day of computation, the company’s PE Ratio stood at -67.50x with earnings yield of -1.48%.