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INSURANCE & PENSIONS

Linkage Assurance Records Decrease In Profit After Tax

Linkage Assurance Plc has recorded 21.55 per cent decrease in profit after tax for the financial year ended December 31, 2014.

According to a notice from the Nigerian Stock Exchange (NSE), the statement of financial position as at the period under review showed profit after tax declined to N324.997 million (21.55 per cent drop) in 2014 as against N414.282 million recorded a year earlier.

However, the company’s revenue rose to N3.054 billion in contrast to N2.689 billion during the comparable period of 2013.
Linkage Assurance had recently won the 2014 recognition of the Industrial Training fund (ITF) for strong commitment to manpower development through enhanced budget and staff training.

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Comments (2)

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