Custodian Investment records N4.6bn profit in six months

Custodian Investment plc in its second quarter unaudited financial report for the period ended June 30th, 2021 recorded a profit after tax (PAT) of N4.633 billion, growing by of 2.19% when compared with N4.534 billion that was made previously in 2020.

The Investment Holding Company having interest in Life Insurance, General Insurance, Pensions, Trustees, Property and Financial Services grew its topline figures to N42 billion in the current period, soaring by 20.49% when compared with N35 billion recorded in 2020.

Earnings per share for the period under review grew to N0.79 from the previous earnings per share of N0.77 in half year 2020.

With reference to the share price of N6.25, the P.E stands at 7.93x with earnings yield of 12.60%.

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