Tag: Company forecasts

Cornerstone Insurance forecasts N417.3 million PAT in Q4 2021.

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Cornerstone Insurance Plc released its earnings forecasts for the fourth quarter of the year (Q4, 2021).

  • Gross premium income is expected to hit N5.5 billion
  • Net claims expense projection of N989.6 million.
  • Net operating income is expected to hit N1.8 billion.
  • Operating expenses projection of N929.3 million
  • Tax is projected at N178.9 million
  • Profit after tax is projected at N417.3 million

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AXA Mansard Insurance projects profit of N4.4 billion in Q4 2021.

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AXA Mansard Insurance Plc released its earnings forecasts for the fourth quarter of the year (Q4, 2021).

  • Net premium income is expected to hit N53.5 billion
  • Net claims expense projection of N24.3 billion.
  • Underwriting profit is expected to hit N11.97 billion.
  • Operating expenses projection of N9.21 billion
  • Tax is projected at N1.7 billion
  • Profit after tax is projected at N4.4 billion

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Arbico Plc projects profit after tax of N25.61million in Q3 2021.

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Arbico Plc, a leading construction and civil engineering company in Nigeria, has released its earnings forecasts for the third quarter of the year (Q3, 2021).

  • Revenue was projected at N914.55 million
  • Cost of sales was projected at N548.73 million
  • Total operating expenses projection of N3359.5 million
  • Operating profit was projected at N37.7 million
  • Tax was projected at N122.05 million
  • Profit after tax was projected at N25.61 million.

See link to forecasts.