International Energy Insurance Plc, Unic insurance Plc release results.
August 20th, 2008 Ikechukwu Emelike || ikechukwu@stockmarketnigeria.com
The half year un audited results for the period ended 30 June, 2008 released yesterday to the the Nigerian stock exchange showed profitability on the path of the company. It recorded a profit after tax of N1.296 billion clearly showing a growth of 213.04 percent to what was recorded in the same period last year. profit before tax also increased in the same accord by 212.18 percent to stay at N1.524 billion.While turnover during the period under review increased to N1.77 billion indicating an increase of 74.31 percent.
Unic Insurance Plc.
The company’s results for the full year ended 31 December 2007 just made public showed its turnover growing by 2.67 percent to N1.920 billion. Profit before tax increased by 47.99 percent from N318 million in 2006 to N470.6 million in 2007. After tax profit gained 65.60 percent to stay at N430.47 as compared to N259.95 million recorded in 2006.
The company has proposed a dividend payout of 5 kobo per share for investors whose names reflect in the records at the close of register on the 25th of August 2008.
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