NEM Declares N1.6bn PAT in Q2 2020 Results, (SP:N1.87k)


Tuesday, August 11 2020 / 5:57 PM / by NSE / Header Image Credit: African Financials

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

Key Highlights

  • Gross Premium grew by 10.2% to N13bn from N12bn in the previous quarter.

  • Profit before tax declined by 3% to N1.9bn.

  • Profit after tax declined by 3% to N1.6bn.

  • Net Assets grew by 5.5% from N14.1bn to N14.9bn.

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