By Nkechi Naeche
Mansard Insurance Plc has announced a decline of 56 per cent in its half-year 2014 Profit After Tax (PAT).
The firm in a notice to the Nigerian Stock Exchange (NSE), noted that its PAT dropped from N1.842 billion recorded the previous year to N814 million at the end of half-year (H1) 2014.
Profit Before Tax (PBT) was not left out as it depreciated to N993 million in the half-year of 2014 as against N2.061 billion achieved in the corresponding year of 2013, this representing a decrease of 52 per cent.
Nevertheless, the risk company gross premium appreciated from N7.547billion in the second half of 2013 to N9.611 billion in same second half of 2014 this indicating an increase of 27 per cent.
Source: Businesstoday
No comments:
Post a Comment