International Energy Insurance declares N611m loss in FY 2020

International Energy Insurance Plc on Tuesday declared a loss after tax of N611 million for the year ended 31 December 2020. This represents 321.87% decline when compared to the profit after tax of N275.389 million declared in FY 2019.

The underwriting firm reported a turnover of N564.56 million for the 12 months period, up by 7.34% from N525.95 million reported in FY 2019.

The earnings per share of International Energy Insurance for the period under review stands at -48 kobo.

At the share price of 38 kobo, the P/E ratio of International Energy Insurance stands at -0.80x with earnings yield of -125.22%.

Source: International Energy Insurance declares N611m loss in FY 2020 – StocksWatch (stocksng.com)

Related Posts

08

Jan
Business & Economy

GTCO raises N209.41bn at first phase of equity capital raise programme

Guaranty Trust Holding Company Plc (GTCO) has made significant strides in its growth and expansion plans, completing the first tranche of its equity capital raise programme. The highlights of this milestone are as follows: Key Developments: CEO’s Statement: Segun Agbaje, the Group CEO, expressed gratitude to shareholders and regulators for their support. He highlighted the successful capital […]