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)

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