Results & Dividends

Wapic Insurance Post N208.1 Million Loss in 2013

Posted by InvestAdvocate on

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By InvestAdvocate

Lagos (INVESTADVOCATE)-Wapic Insurance Plc on Wednesday posted a loss of N208.1 million in its 2013 audited year end.

The company released its 2013 audited report at the Nigerian bourse and said profit after tax (PAT) went from N383.032 million in 2012 end to a loss of N208.127 million in the review period of 2013.

Similarly, the insurance company moved from a profit before tax (PBT) of N552.385 million in 2012 end to a negative of N629.129 million in the 2013 audited period.

Gross premium written also went down 10 percent to N3.760 billion in 2013 from N4.178 billion in the corresponding period of 2012.

 

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