In its half year report, released to the Exchange, Lasaco announced a 30% growth in gross earning of N6.2billion in the year under review away from N4.8billion reported in same period 2017.
The profit after tax for the half year 2018 stood at N382 million which is marginally 1.3% below the N387million reported last same period.
The Insurers shareholders’ earnings per share of 0.52kobo for the period under review when compared to 0.53kobo reported for the comparative period of 2017, it represents a 2% decline year on year.
As at when computed at a price of N0.33, Lasaco Assurance’s PE Ratio stood at 6.3x with about 15.8% earnings yield.