By investadvocate

Nov 05 2010 16.10 GMT

Lagos (INVESTADVOCATE)-Equity Assurance Plc (EQUITYASURE) operating in the Insurance Sector of the Nigerian Stock Exchange (NSE) has posted a 35.86 percent (35.86%) Profit After Tax (PAT) in its Unaudited First Quarter (Q1) result announced Friday November 05 2010 at the Floor of the NSE in Lagos Nigeria.

 

PAT for the review period increased from N244.322 million in Q1 of year 2009 to N331.939 million in the same period of year 2010; indicating an increase of 35.86%.

 

Profit Before Tax (PBT) decreased from N277.639 million in Q1 of year 2009 compared to N258.386 million for the Unaudited Q1 period ended March 31 2010; representing a decline of -6.93% in the review period.

 

While Turnover rose slightly from N1.053 billion in Q1 of 2009 to N1.095 billion in the corresponding year of 2010 showing a rise of 3.98%