Profit before tax
Insurers raise shareholders’ hopes as 2018 renenue increase
Determined to increase the shareholders’ confidence in the nation’s insurance industry, the 2018 underwriting performance of the sector operators, particularly Profit Before Tax (PBT) are taking an upswing.
How insurers’ N37 billion tax affects industry growth
About 55 life and non-life underwriting companies in the country have paid N36.5 billion as tax to the government through the Federal Inland Revenue Service (FIRS) in the last five years. The Guardian reliably gathered that between 2013 and 2017 financial years, these underwriters generated N100.4 billion as Profit Before Tax (PBT) and were left…
Index falls by 0.61% as election fears weigh in
Low liquidity and tense political environment coupled, with the incessant violence witnessed in some states last week, heightened investors’ apprehension, as manifested at the end of last week’s transactions. Consequently, indices at the equities sector of the Nigerian Stock Exchange (NSE) plunged by 0.61%. The mixed reaction that trailed market performance during the week…
Transcorp posts N20.6 billion full year profit
Transnational Corporation of Nigeria Plc (Transcorp), has announced its audited results for the year ended 31st December 2018, with a 94 per cent growth in Profit After Tax (PAT) of ₦20.6 billion in 2018 compared to ₦10.6 billion achieved in the corresponding period of 2017. The Group turnover grew by 30 per…
Vitafoam posts N522.7 million PBT in 2016
The company’s Profit After Tax (PAT) also grew from N196 million in 2015 to N412 million during the review period. However, total revenue declined from N15.15 billion to N12.19 billion in 2016.
Continental Re announces N2.92 billion profit
Continental Reinsurance Plc has announced Profit Before Tax (PBT) of N2.92 billion for the 2015 financial year, representing 83.61 per cent increase compared with N1.59 billion in the corresponding period of 2014.
eTranzact grows revenue by 22%, to diversify operations
Electronic payment platform, eTranzact International Plc, has posted a 22 per cent gross revenue growth for the financial year ended 2015.