By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-Mansard Insurance Plc on Monday said its half-year 2014 profit after tax (PAT) drooped 56 percent to N814 million from N1842 billion recorded the previous year, according to a filing to the Nigerian Stock Exchange (NSE).

Similarly, profit before tax (PBT) declined 52 percent to N993 million in the half-year of 2014 from N2.061 billion in the corresponding year of 2013.

However, gross premium climbed up 27 percent to N9.611 billion in the second quarter of 2014 from N7.547 billion recorded in the same period of 2013.