Continental Re

[edunko]

i have recieved my devidend by post, just wait for yours

[billions]

CONTINENTAL REINSURANCE PLC
PERIOD ENDED 30-09-2008 (THIRD QUARTER)
2008 2007 %CHANGE
GROSS WRITTEN PREMIUM N3.913b N1.942b 101
PROFIT BEFORE TAXATION N1.470b N877.092m 68
PROFIT BEFORE TAXATION N1.470b N877.092m 68
TAXATION (N367.538m) (N219.273m) (68)
PROFIT AFTER TAXATION N1.102b N657.819m 68
RETAINED EARNINGS N1.692b N658.698m 157
BALANCE SHEET INFORMATION
FIXED ASSETS N117.214m N51.449m 128
TRADE DEBTORS N2.454b N1.627b 51
CASH AND BANK BALANCES N79.890m N98.042m (19)
OTHER DEBIT BALANCE N455.349m N7.945b (94)
TRADE CREDITS N199.639m N11.041m 1708
OTHER CREDIT BALANCES N630.189m N827.985m (24)
WORKING CAPITAL N2.160b N8.831b (76)
NET ASSETS N12.597b N11.106b 13

[edunko]

Originally Posted by billions

CONTINENTAL REINSURANCE PLC
PERIOD ENDED 30-09-2008 (THIRD QUARTER)
2008 2007 %CHANGE
GROSS WRITTEN PREMIUM N3.913b N1.942b 101
PROFIT BEFORE TAXATION N1.470b N877.092m 68
PROFIT BEFORE TAXATION N1.470b N877.092m 68
TAXATION (N367.538m) (N219.273m) (68)
PROFIT AFTER TAXATION N1.102b N657.819m 68
RETAINED EARNINGS N1.692b N658.698m 157
BALANCE SHEET INFORMATION
FIXED ASSETS N117.214m N51.449m 128
TRADE DEBTORS N2.454b N1.627b 51
CASH AND BANK BALANCES N79.890m N98.042m (19)
OTHER DEBIT BALANCE N455.349m N7.945b (94)
TRADE CREDITS N199.639m N11.041m 1708
OTHER CREDIT BALANCES N630.189m N827.985m (24)
WORKING CAPITAL N2.160b N8.831b (76)
NET ASSETS N12.597b N11.106b 13

well, i think this result is fair !!!!!!!!

[bobfash]

Can I invest here? for long term!

[hispy99]

Originally Posted by edunko

well, i think this result is fair !!!!!!!!

when you compare the result to the first 6 months of this year, this result looks poor similar to other insurance companies. The company made N927M for the 1st 6 months of the year.