The Full Year financial report of LASACO ASSURANCE PLC for the period ended December 31st 2018 reveals that the group advanced by 35% in Gross Earnings closing at N9.014 billion from the previous close of N6.673 billion in 2017.
The Profit after Tax (PAT), grew by 11.24% to arrive at N736.2 Million above N661.8 Million recorded in FY’17.
LASACO Assurance, an insurance and financial services company in Nigeria that is engaged in the provision of various classes of insurance grew it shareholders’ Earning Per Share (EPS) by 11.24%, closing at 10 kobo away from 9 kobo reported in 2017.
At a reference price of N0.29, the company’s PE Ratio stood at 2.88x with earnings yield of 34.67%.
The management of the company has not released any information on dividend as at the time of computation of this result