Results & Dividends

Niger Insurance 2013 Post Tax Profit Down 19.2 Percent

Posted by InvestAdvocate on

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By InvestAdvocate
Lagos (INVESTADVOCATE)-Niger Insurance Plc on Monday posted a 19.2 percent drop in its post tax profit for its 2013 audited year end.

Post tax profit of the insurance company declined 19.2 percent to N627.425 million from N776.293 million reported in its 2012 end.

However, pre tax profit went up slightly by 1.8 percent to N716.108 million in 2013 end from N703.499 million in the same period of 2012.

Gross premium increased slightly 1.1 percent to N10.443 billion in the 2013 audited year end from N10.330 billion in the corresponding period of 2012.

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