Mutual Benefits Assurance reports N3.54bn in Q2 2022

Mutual Benefits Assurance Plc last week Friday published its Second Quarter report for the period ended, 30th June 2022.

A turnover of N18.45 billion for the 6 months period, up by 20.25% from N15.34 billion reported the previous year.

Profit after tax grew by 278.28% to N3.538 billion from the loss after tax of N1.984 billion reported in Q2 2021.

The Earnings per share (EPS) of the underwring firm increased to 18 kobo from the negative EPS of 10 kobo achieved the previous year.

At the share price of 27 kobo, the P/E ratio of Mutual Benefits Assurance stands at 1.53x with earnings yield of 65.31%.

Source: Mutual Benefits Assurance reports N3.54bn in Q2 2022 – StocksWatch (stocksng.com)

Your Comment:

Related Posts

18

Jan
Business & Economy

FAAC shared N990bn among FG, states and LGs in December 2022

The Federation Account Allocation Committee (FAAC), has disclosed that it shared a total  of N990.189 billion to the three tiers of government, as Federation Allocation for the month of December 2022. The amount is inclusive of Gross Statutory Revenue, Value Added Tax (VAT), Exchange Gain and Electronic Money Transfer Levies (EMTL). The Federal Government received N375.306 billion, the states […]

18

Jan
Business & Economy

Stock Market Review: January 18, 2023

The Nigerian stock market on Tuesday closed on a positive note with 0.67% growth. Year to date, the market has returned, 2.83% with the All Share Index and the Market Capitalisation at 52,701.31 points and N28.705 trillion respectively. In a stock market review with the MD/CEO of Global View Capital Limited, Aruna Kebira, the following were discussed:[…]