SOVRENINS Declares N449m PAT in Q2 2020 Results; (SP:N0.20K)


Tuesday, August 04, 2020 / 6:20 PM / NSE / Header Image Credit: Sovereign Trust Insurance Plc

Sovereign Trust Insurance Plc released its Q2 2020 Unaudited results for the period ended June 30th, 2020.

Key Highlights

  • Gross Premium declined by -17% to N6bn from N7bn in the previous quarter.

  • Profit before tax declined by 6.6% to N501m.

  • Profit after tax declined by 6.6% to N449bn.

  • Net Assets grew by 5.2% from N7.8bn to N8.2bn.

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