LASACO Assurance Plc reports N5.07bn, PAT rises 64.05% in Q1 2022

LASACO Assurance Plc has published its First Quarter report for the period ended 31 March 2022.

The underwriting firm reported a Gross Premium Written of N5.073 billion for the 3 months period, down by 24.26% from N6.698 billion reported in Q1 2021.

Profit after tax grew by 64.05% to N297.57 million from N181.39 million reported the previous year.

Earnings per share of LASACO stands at 16 kobo, up by 64.05% from the EPS of 10 kobo achieved the previous year.

At the share price of N1.11, the P/E ratio of LASACO Assurance stands at 6.84x with earnings yield of 14.62%.

Source: LASACO Assurance Plc reports N5.07bn, PAT rises 64.05% in Q1 2022 – StocksWatch (stocksng.com)

Related Posts

25

May
Business & Economy

Stock Market Review: May 25, 2023

The stock market on Wednesday closed on a positive note with 0.58% growth. The All Share Index and Market Capitalisation stands at 52,927.60 points and 28.819 trillion respectively. In a stock market review with Gilbert Ayoola, a capital market expert, the following were discussed: Excerpts: The monetary policy committee of CBN has increased MPR to 18.5%. How will this […]

25

May
Business & Economy

Oando kicks-off Sustainable Transport Initiative in Lagos State with launch of Electric-Mass Transit buses

Oando Clean Energy Limited (OCEL) has achieved a groundbreaking milestone with the launch of the first phase of its Sustainable Transport Initiative for Lagos State. The initiative will see OCEL introducing electric buses to LAMATA’s current fleet of buses. The endeavor aims to support the transformation of the State’s public transport system through the development and deployment[…]