MBENEFIT Declares N1.6bn PAT in Q2 2020 Results, (SP:N0.23k)


Wednesday, July 29, 2020 / 6:22 PM / By NSE / Header Image Credit: Mutual Benefits Assurance

Mutual Benefit Assurance Plc released its Q2 2020 Unaudited results for the period ended June 30th, 2020.

Key Highlights

  • Gross Premium grew by 5% to N10.2bn from N9.7bn in the previous quarter.

  • Profit before tax declined by 4% to N1.7bn.

  • Profit after tax grew by 10% to N1.6bn.

  • Net Assets grew by 10% from N14.5bn to N16bn.

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