Aug 6 (Lagos) - Regency Alliance Insurance Plc reported at 16.5% increase in first half revenue for 2012. Turnover grew to N 1.5 billion during the period. Reinsurance premium grew by 17% while expenses grew by 13%.
Profit after tax decreased to N 135 million in the first six months of 2012 from N 153 million in the same period of 2011. Shareholders' funds increased to 3% to N 4.88 billion. Total assets increased by 9% to N 6 billion.
Company has outstanding shares of 6.6 billion. P/E ratio of almost 15 which is considered to be high or risky. A good Price to book value ratio of 0.68, and ROA (Return on Assets) of 2.34%. Shares currently trade at 50 kobo per share at the Nigerian Stock Exchange in Lagos. Book value per share of 73 kobo is a lot higher than the current price of stock which is 50 kobo. Thats the same case with most Insurance companies in Nigeria today.
reporting for easykobo.com on Monday, August 6 2012 from Lagos, Nigeria
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