Regency Assurance reports 0.7% drop in profit in 2018, declares N200m final dividend


Regency Assurance Plc has reported a drop in profit after tax to N273 million in 2018 as against N275 million in 2017, a decline of 0.7 per cent.

Profit before tax decreased by 9.7 per cent to N373 million in the year under review, as against N413 million in 2017.

Also, the company recorded a gross premium income of N5.9 billion in the 2018 financial year, as against N5.4 billion in 2017.

However, the company declared a final dividend of 3 kobo per 50 kobo share, amounting to N200 million for the financial period ended December 31, 2018.

According to a disclosure issued to the Nigerian Stock Exchange (NSE), only shareholders whose names appear in the Register of Members as at Friday, May 10 will receive dividend payment.

Also, shareholders who wish to receive their dividends on the stated date must have completed the e-dividend registration and mandated the Registrar to pay their Payment Date dividends directly into their Bank accounts.

The Register of Shareholders will be closed from Monday, May 13, 2019, to Friday, May 17, 2019.


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