LASACO Assurance Plc reports N1.32bn profit in FY 2023

LASACO Assurance Plc on Wednesday published its Audited Reports for the year ended 31 December 2023.

Gross Earnings of N19.33 billion for the 12 months period, up by 28.78% from N15.01 billion recorded the previous year.

The Company reported Profit after Tax of N1.318 billion, down by 13.18% from N1.518 billion reported the previous in FY 2022.

Earnings per share of the Company stands at N0.72.

At the share price of N2.3, the P/E ratio of LASACO stands at 3.2x with earnings yield of 31.24%.

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