LAWUNION releases Q1'19 Results and 2018 AFS: Declares N65.33m PAT in Q1''19 Results,(SP:N0.46k)

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Friday, May 10, 2019  / 09:19AM / NSE


Law Union & Rock Insurance Plc released its Q1 2019 and Audited 2018 results.

 

Key Highlights

 

Q1 2019

Gross Written Premium grew by +24.43% to N2.24bln from N1.80bln in 2017.

PBT declined by 42.06% to N76.86mln.

PAT declined by 42.06% to N65.33mln.

Net Assets also declined by 2.31% to N6.43bln from N6.37bln as at 31st December, 2018.

 

Audited 2018

Gross Written Premium grew by +6.8% to N4.54bln from N4.25bln in 2017.

PBT declined by 55.41% to N490.08mln.

PAT declined by 71.06% to N263.59mln.

Net Assets also declined by 1.42% to N6.37bln from N6.46bln as at 31st December, 2017.

A final dividend of 0.02 kobo per share was proposed to shareholders.


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Graph – One Year Share Price 

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