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[ROYALEX]>> COMPANY REPORT | InfoWARE Finance

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  • [ROYALEX]>> COMPANY REPORT | InfoWARE Finance
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₦99,587.25
ASI
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₦3,691.18
NGX30
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₦1,263.88
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[ROYALEX]>> COMPANY REPORT
(Source: NSE, Date: 28-Aug-2019)
 ROYAL EXCHANGE PLC
SUMMARY OF GROUP RESULTS FOR THE PERIOD ENDED 31ST DECEMBER 2018


					   2018	  	    2017

Gross Written Premium		       	14,712,798	 12,822,219	   15%
Underwriting Income			 9,731,781	  7,601,234	   28%
Claims Expenses				(3,157,849)	 (3,427,804) 	   8%
Underwriting Expenses			(3,435,258)	 (2,596,788)	  (33%)
Management Expenses			(4,029,209)	 (3,095,526)	  (31%)
Underwriting Profit			 3,674,341 	  1,052,850 	   249%
Net Income				 4,356,080 	  2,413,399	   81%
Profit/(Loss) before Tax 		   326,871     	   (682,127) 	   148% 
Income Tax				  (483,047)        (287,516)	  (68%) 
(Loss)/Profit after taxation		  (156,176)	   (969,643)	   84%
Total Comprehensive Income		  (132,590)	   (801,736) 	   84%
Earnings per share for the year		  (3 Kobo) 	   (19 kobo)
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