Results & Dividends

AIICO 9M 2019: Growth in Net Profit Hits Five-Year High

Culled—Proshare November 14, 2019 Meristem Research Life Business Expansion underpins Growth in Gross Premium Income  Gross premium earned advanced by 37.13% YoY to NGN35.56bn (vs. NGN25.93bn in Q3:2018), driven by the extensive distribution network of the firm. The firm’s life insurance segment was the most significant contributor to premium growth; […]

MAYBAKER 9M 2019: Margins Improve Despite Revenue Contraction

Culled—Proshare November 14, 2019 Meristem Research   Pharmaceutical Revenue Takes a Hit MAYBAKER reported a decline in its top-line of 9.57% to NGN5.92bn (vs. NGN6.54bn in 9M:2018). The pharmaceutical unit (which contributes c.98% to total revenue) recorded a revenue of NGN5.86bn in 9M:2019, 6.95% lower than in 9M:2018. The decline is […]