|
| |
Result at a
glance, 1997
|
|
1997 |
1996 |
Percentage Increase/ (decrease) |
|
|
N’000 |
N’000 |
% |
| |
|
|
|
|
Gross premiums |
306,625 |
288,052 |
6 |
|
Premium earned (net of reinsurance) |
276,366 |
261,932 |
6 |
|
Investment and other income |
90,301 |
73,107 |
24 |
|
Profit before taxation |
31,414 |
29,465 |
7 |
|
Profit after taxation |
24,628 |
24,130 |
2 |
|
Dividend |
17,000 |
9,600 |
77 |
|
Transfer to contingency reserve |
5,745 |
4,992 |
15 |
|
Retained profit for the year |
3,156 |
10,972 |
(71) |
|
Share capital |
70,000 |
40,000 |
75 |
|
Share capital including rights issue allotted in
February, 1998 |
100,000 |
N/A |
N/A |
|
Total assets |
1,442,017 |
1,302,334 |
11 |
| |
|
|
|
|
Per share data: |
|
|
|
|
Earning per 50k share [adjusted] |
17.59k |
17.23k |
|
|
Dividend per 50k share including recent right issues |
8.50k |
12.00k |
|
|
Net assets per share [adjusted] |
6.72 |
6.18 |
|
|
Dividend cover (Times) |
1.45 |
2.51 |
|
|
Price earning ratio [adjusted] |
17.62 |
19.15 |
|
|
Stock exchange quotation at 31 December |
310k |
330k |
|
|
