Royal Exchange Plc projects profit after tax of N70.16 million in Q4 2021.

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

  • Net premium is projected to hit N368.5 million.
  • Total underwriting expenses projection of N348.7 million.
  • Net operating income is projected at N389.6 million.
  • Profit before tax is projected at N103.17 million
  • Tax is projected at N33.01 million
  • Profit after tax is projected at N70.16 million.

See link to results.

Royal Exchange Plc appoints new company secretary.

Royal Exchange Plc has announced the appointment of Mazars Ojike and Partners as its new company secretary, effective from 30th of May, 2021.

This is contained in an official disclosure sent to the Nigerian Exchange Group Limited (NGX) which reads: ‘’Royal Exchange Plc (the company) wishes to inform its shareholders and the investing public that the company has appointed Mazars Ojike and Partners as its new Company Secretary.’’

By the virtue of its appointment, Mazars Ojike and Partners will offer secretarial services and act as representative of Royal Exchange Plc.

About Mazars

Mazars Ojike and Partners is part of an international audit, tax and advisory firm. It has six distinct service lines which include; accounting and outsourcing solutions, audit, consulting, financial advisory, legal/corporate commercial and tax solutions. The firm was indigenously established in June 1975 and currently boasts of over 90 professionals (including 4 partners)

 

For more information about the recent disclosure, click HERE.

 

Royal Exchange Plc projects N570.92 million profit in Q2 2021.

Royal Exchange Plc has released its earnings forecasts for the second quarter of 2021.

  • Net Premium Income is projected at N5.97 billion.
  • Total underwriting expenses is projected at N4.57 billion.
  • Underwriting profit is projected at N2.05 billion.
  • Total operating expenses is projected at N2.09 billion.
  • Profit before tax is projected at N839.9 million.
  • Profit after tax is projected at N570.92 million.

See link to forecasts.