WorldStage Newsonline– Consolidated Hallmark Insurance Plc, a major player in Nigeria’s insurance sector has released its earnings forecast for the first quarter 2021 to the Nigerian Stock Exchange (NSE) with profit after tax of 282,733,871, a 43.77% shortfall from N502,847,104 forecasted for fourth quarter 2020.
The insurance firm is also expecting gross premium to drop to N3,850,000,000 from N9,261,777,820 in Q4 2020
It also projected that cash/bank balance at the end of the period will grow to N3,460,563,189 from N2,747,448,664 and the beginning.
WorldStage earlier reported Consolidated Hallmark earnings forecast for the fourth quarter 2020.
