Sovereign Trust Insurance Plc released its 2015 Half Year result to the NSE. The result showed that Net premium declined by 13% from N2.9bn in 2014 to N2.5bn in 2015. However Profit before tax rose by 14% from N615 million in 2014 to N702 million in 2015. Profit after tax rose by 18%.
See Summary of result below…
|SOVEREIGN TRUST INSURANCE H1||N’m||N’m|
|Other Income & Investment Income||103||119||-13%|
|Profit After Tax||650||553||18%|
|Current Share Price||0.50|