NEM Insurance boosts half year profit by 25.73% to N2.53bn

NEM Insurance on Wednesday published its half year report for the period ended 30 June 2022. The underwriting firm achieved growth in its top line and bottom line figures, year on year.

Gross Premium Written of N20.248 billion was reported for the 6 months period, up by 25.87% from N16.087 billion reported the previous year.

Profit after tax grew year on year by 25.73% to N2.534 billion from N2.015 billion reported in HY 2021.

Earnings per share of NEM Insurance stands at 51 kobo.

At the share price of N3.4, the P/E ratio of NEM Insurance stands at 6.73x with earnings yield of 14.86%.

Source: NEM Insurance boosts half year profit by 25.73% to N2.53bn – StocksWatch (stocksng.com)

Related Posts

18

Sep
Business & Economy

Stock Market Review: September 18, 2023

The stock market last week closed was down by 1.10% due to profit taking, bringing the All Share Index and Market Capitalisation to 67,395.74 points and N36.886 trillion respectively. Year to date, the market has returned 31.50%. In a stock market review with the MD/CEO of APT Securities and Funds Limited, Mallam Garba Kurfi, the following were discussed: […]

18

Sep
Business & Economy

Nigerian Bourse drops by 1.10% in one week on profit taking, sheds N409bn

The Nigerian stock market declined by 1.01% week on week, as NESTLE, PRESCO and other 51 stocks shed weights. The All Share Index dropped by 1.10% to settle at 67,395.74 points from 68,143.34 points. Consequently, the Market capitalization also dropped by 1.10% to settle at N36.886 trillion from N37.295, thereby shedding N409 billion. An aggregate of 2.93[…]