By InvestAdocate

Lagos (INVESTADVOCATE)-Insurer, Royal Exchange Plc on Tuesday reported a loss as its profit after tax (PAT) for the period ended December 31, 2015 moved from a gain of N139.54 million in 2014 end to a loss of N1.3 billion in the review period.

Similarly, profit before tax (PBT) of the company declined from a gain of N304.73 million in 2014 end to a loss of N897 million  in the 2015 audited year end.

In the same vein, gross premium income of the insurer climbed up 9.53 percent to N10.81 billion from N9.86 billion posted a year ago, ROYALEX said in a filing with the Nigerian Stock Exchange (NSE).

Click here to download Royal Exchange Plc Annual Report For the year ended 31 December 2015