Equity Assurance Plc released its 2011 Auidted Accounts with a loss after tax of N91m. Despite its net operating income of N1.6nillion the company still posted losses as operating expenses took up 63% of operating income at over N1billion and provision for doubtful debts and diminution of asset values reduced it further by N382m and N200m respectively. See results below;
EQUITY ASSURANCE PLC DECEMBER 2011 AUDITED RESULTS
Ugodre Obi-chukwu
Ugo Obi-Chukwu "Ugodre" is the Founder, Publisher, and Chief Analyst of Nairametrics, a leading business and financial news online platform in Nigeria. Ugo is also the Chief Editor of the Nairametrics “Blurb” Opinion pages. Follow Ugodre on Twitter @ugodre and Instagram @ugodre Email: ugodre@nairametrics.com
