Earnings Update – CUSTODIAN 2021FY Uptrend in Yields and Premium Income from Core Business Spurs Growth

Custodian Investment Plc. (CUSTODIAN) recorded a remarkable double-digit growth in gross revenue (+14.23% YoY) to NGN85.74bn in 2021FY. The performance was majorly propelled by the expansion in Gross Premium Income (+13.91% YoY), supported by increase in the life business (+24.61% YoY). Only sales from the property business segment declined by 30.17% YoY, due mainly to decrease in revenue and earnings from its subsidiary (UPDC Plc.) in 2021FY.

CUSTODIAN 2021FY Earnings Update

0 Shares:

Leave a Reply

Your email address will not be published. Required fields are marked *

Rating*

You May Also Like