Proshare Logo
   Market Date: 30-01-2015   
Agriculture ARTS FINANCE All One Min News Archives Bonds Cap Mkt Sentiments Capital Market CASHLESS NIGERIA Commodities Corporate Earnings Daily & Weekly Market Updates Elections Enterpreneurship ETFs Forex Frauds & Scandals General Global Market Insurance Investors NewsBeat Islamic Finance Mergers & Aquisitions Money Market Mortgage Mutual Funds Nigeria Economy Oil Sector Opinions and Analysis Pensions People Personal Finance Politics Power Products & Services Professionals Property Public Offers Private Placements Regulators REITs Stock PICKS Taxation Telcos Travel & Tours Unlisted OTC MARKET World of Business

AIICO Insurance grows profit by 62.8% in Q3

Category: Capital Market

  Read (3526)
AIICO Insurance grows profit by 62.8% in Q3


AIICO Insurance Plc has announced a profit after tax of N1.296bn for the third quarter ended September 30, 2009, which signified a 62.8 per cent rise from 796.1m in the comparable period of 2008. 


The result, which was announced on the floor of the Nigerian Stock Exchange on Monday, also revealed that gross premium increased by 39.2 per cent or 2.17bn to close at N7.7bn as against N5.53bn recorded in 2008. 


Fixed assets and net assets stood at N2.08bn and N13.7bn for the third quarter ended September 30, 2009 respectively. In a related development, Consolidated Hallmark Insurance Plc has forecast a gross premium of N910m during the first quarter ending March 31, 2010. 


The company also forecast a profit before tax of N157.43m and profit after tax of N107.051m for the same period. Meanwhile, Costain West Africa Plc informed the NSE on Monday of the appointment of two additional directors to its board. 


Mr. Harm Ploeger was appointed as the Finance Director, with effect from December 1, 2009, while Dr. Oladimeji Bada was appointed as a non-executive director effective January 8, 2010.


The company released its unaudited result for the first quarter ended June 30, 2009 last week, which showed a turnover of N2.030bn, as against N1.149bn in the comparable period of 2008. Profit after tax stood at N88.2m compared with N237.2m in 2008, which showed a decline of 62.8 per cent or N149m.


In a similar note, Vitafoam Nigeria Plc released its audited result for the year ended September 30, 2009. The board of directors is recommending a dividend of N0.25 per share. The date of closure for register of members is February 15, 29010, while payment date is March 19, 2010.


(Source: Punch)

Tags: , 

Comment With Your Facebook or Yahoo! ID

Latest news

News on Capital Market

About Us

Who We Are
Our Team & Partners
Corporate Governance
Advertise with Us
Subscribe / Unsubscribe
Site Map
News Feed - RSS
Contact Us
Volunteer Program
Message from CEO

News & Features
The Analyst / Market Data
Investor Relations Portal
The Regulator
Economy & Politics
Training Portal
Events Calendar
NewsStands - Online Reputation

Products and Services

Research & Market Intelligence
Analyst Services
Offers & Rights Support Service
Investor Relations Services
Alert & Subscription Services
Share Support Services
Proshare Consult
Event & Seminar Coverage
Market Directory
File a Complaint
News & Analysis

News from TheANALYST
Video News from WebTV
Money Market Updates
Opinions & Analysis
Nigerian Economy
Market Data
The Regulator
Discussion Forum

Subscriber Agreement
Privacy Policy
Data Policy
Copyright Policy
Comments in Site
Advertising Code
Conflict of Interest
Content Partnership
3rd Parties

Online Trading and Execution
Legal Support Services
Web/Technology Services
File a Complaint

CBN Governor 2014