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Home Business News

International Energy Insurance Plc records ₦3.5 billion loss in 2016

Fikayo Owoeye by Fikayo Owoeye
April 16, 2018
in Business News, Company News
International Energy Insurance Plc records ₦3.5 billion loss in 2016

Muhammad K. Ahmad, Interim Chairman, International Energy Insurance Plc

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International Energy Insurance Plc today released its financial statements for the year ended 31 December 2016.

Here are highlights of the result

Gross Premium

2015: ₦3.85 billion

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2016: ₦1.97 billion

% change:-48.8%

Loss before tax

2015:₦698.9 million

2016:₦3.56 billion

%change:408%

Earnings per share:

2015: -58.92kobo

2016: -287.37kobo

%change:387%

Here is a link to the result


Follow us for Breaking News and Market Intelligence.
Tags: 2016 FY ResultsInternational Energy Insurance Plc
Fikayo Owoeye

Fikayo Owoeye

Fikayo has a degree in computer science with economics from Obafemi Awolowo University. ITIL v3 in IT service management. An alumnus of Daystar Leadership Academy. Prior to joining Nairametrics had stinct in Project management, Telecommunications among others. Also training in Consulting and Investment banking from Edubridge Academy. He has very keen interest in Politics, Agri-business, private equity and global economics. He loves travelling and watching football. You can contact him via fikayo.owoeye@nairametrics.com

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