NEM Declares N1.61bn PAT in Q2 2019 Results,(SP:N2.15k)

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Tuesday, July 29,  2019  1:32PM / NSE


NEM Insurance Plc released its Q2 Unaudited Results for the Period ended June 30, 2019.

 

Key Highlights

Gross Premium Written grew by 28.65% to N11.78bn from N9.16bn in the previous year.

Profit Before Tax grew by 6.89% to N1.91bn from N1.79bn recorded in the previous year.

Profit After Tax grew by 6.87% to N1.61bn.

Net Assets grew by 12.19% to N13.94bn from N12.43bn as at 31st December, 2018.

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Graph – One Year Share Price Movement

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