NEM Insurance Reports 20.79% H1 2018 Profit Rise

NEM Insurance PLC’s revenue for half year ended 30th June 2018 rose by 12% from N8.11bn to about N9.15bn according to its recently released unaudited report on the floor of the Nigerian Stocks Exchange.

The profit after tax also soared by 20% appreciating from the previous N1.2 billion to N1.5 billion in the review period.

Earnings per share likewise grew by 21% from about 24kobo to 29kobo as computed.

PE Ratio is at 10.7x with an earnings yield of 9%.

 

 

 

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