Insurance (IEI) Plc has reported a Loss After Tax of N4.7billion for the Financial year ended 2011.

In its 2011 Audited Financial Results released by the Nigerian Stock Exchange (NSE) on February 13, 2013,  IEI reported a much lower  Earned of N5.28billion in 2011 compared with N5.34billion which was reported in 2010. The result also showed that Total Assets nosedived from N8.9billion to N3.7billion.

Other Highlights of the results show dipping from N4.8billion in 2010 to N4.4billion in 2011 whilst Underwriting Expenses rose sharply from N1.96billion in 2010 to N2.2billion in 2011.

DOWNLOAD the full result here: INTERNATIONAL ENERGY INSURANCE PLC YEAR END AUDITED RESULTS DECEMBER 2011

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