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)

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