International Energy Insurance Plc declares N163m as profit for Q1 2021

International Energy Insurance Plc has released its long overdue First Quarter report for the period ended 31 March 2021.
Gross written premium of N167 million was reported for the 3 months period, up by 3.10% from N162 million.
Profit after tax improved significantly to N163.995 million from a loss after tax of N8 million reported the previous year.
Earnings per share of the Company for the period under review stands at 13 kobo from the negative EPS of 1 kobo achieved in Q1 2020.
At the share price of 38 kobo, the P/E ratio of International Energy Insurance stands at 2.98x with earnings yield of 33.61%.

Source: International Energy Insurance Plc declares N163m as profit for Q1 2021 – StocksWatch (stocksng.com)

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