By Ify Onye InvestAdvocate

Lagos (INVESTADVOCATE)-Unic Insurance Plc operating on the Insurance Sector of the Nigerian Stock Exchange (NSE) Thursday declared a N1.007 billion Loss of the year 2010 end.

This was contained in the Result Announcement of the Insurance Firm made available to the Nigeria’s Exchange and obtained by www.investadvocateng.com in Lagos Nigeria.

Gross Premium of Company dropped from N2.74 billion in year 2009 compared to N1.709 billion in the review period of year 2010; indicating a drop of 37.6 percent (37.62%).

In the same vein, FTN Cocoa Processors Plc declared a loss of N35.9 million in its Third Quarter Result for the period ended September 30 2011.

FTN Cocoa recorded a Profit After Tax (PAT) N35.886 million in the Q3 of year 2011 compared to N17.848 million in the same period of year 2010; indicating a Loss of 101.1% in the review period.

Also, Profit Before Tax (PBT) was N35.886 million compared to N17.848 million in the Q3 of year 2010; showing a declined of 101.1%.

While Turnover declined by 60.0% as FTN Cocoa recorded N60.060 million in the Q3 of 2011 compared to N150.282 million recorded in the same period of year 2010; representing a decline of 60.0% in the period under review.