BY NKECHI NAECHE-ESEZOBOR--Nigeria’s oldest insurance firm, Royal Exchange Plc, has recorded 688% jump in profit after tax for the third Quarter (Q3) ended 30th September 2020.
The lead insurer disclosed this when it released its Unaudited Financial Statements for the third quarter ended 30th September on the floor of the Exchange that PAT rose from N96.202 loss in Q3 2019 to N565.662 million in 2020.
Earned income was not left out as it rose slightly to N12.262 billion from N11.764 billion in Q3 2019, representing 4 percent increase.
