FY’18: LAW UNION Files 27.96% Improvement in Turnover, Proposes 2kobo as Dividend

Law Union and Rock Plc has filed a 27.96% growth in Turnover. The 2018 Full Year audited financial reports of the Company was made public, on Thursday, 9th of May, 2019 revealed a growth in Turnover of N4.252bn recorded in the same period the previous year to  arrive at N5.441bn recorded in the current period under review

READ ALSO: LAW UNION Shed 42% of its PAT to N65mn in 2019 Q1

The General Insurance Company shed 71.06% Profit After Tax from 2017’s N910mn to N263mn recorded in the current period of 2018.

The earnings per share dropped also by 71% while the current period’s PE Ratio is at 7.50x and the earnings yield stands at 13.34% with a reference price of N0.46 at the close of trading on Thursday.

A Final Dividend of 2 kobo per 50 kobo share subject to shareholders’ approval and appropriate withholding tax will be paid to shareholders whose names appear in the Register of Members as at the close of business on 31^st May 2019

Closure of Register: The Register of Shareholders will be closed from 3^rd to 7^th of May 2019 both days inclusive.

Qualification Date: 31^st May 2019