Company Results

In: company results

27 Jun 2008

Results for C&I Leasing, Royal Exchange Assurance, Tantalizers, Sovereign Trust Insurance, and
Universal Insurance

C&I LEASING PLC
AUDITED ACCOUNTS FOR THE YEAR ENDED 31-01-2008
Results for 2008 are for the group while those of 2007 are for the company.

2008 2007
GROSS INCOME N2.658b N1.613b
PBT N437.645m N164.737m
TAX (N58.351m) (N47.256m)
PAT N375.363m N341.887m

PROPOSED FINAL DIVIDEND 6KOBO
CLOSURE DATE TO BE ADVISED LATER
PAYMENT DATE TO BE ADVISED LATER
NOTE: AGM THURSDAY, 28TH DAY OF AUGUST 2008 AT 11.00 A.M VENUE DIKE HALL, 1 KOFO ABAYOMI STREET V/I LAGOS
***THE GROUP AS PRESENTED ABOVE CAME INTO EXISTANCE IN JUNE 2007.

ROYAL EXCHANGE ASSURANCE PLC
UNAUDITED FIRST QUARTER RESULT FOR THE PERIOD ENDED MARCH 31, 2008

2008 2007
GROSS PREMIUM N899.419m N680.149m
NET PREMIUM N723.447m N558.974m
PBT N66.658m N67.940m
TAX (N19.9m) (N20.382m)
PAT N46.661m N47.5m

UNIVERSAL INSURANCE CO. LTD
AUDITED RESULT FOR THE YR ENDED 31-12-2007

2007 2006
TURNOVER N498.831m N494.205m
PBT N275.200m N414.364m
TAX (N65.763m) (N84.142m)
PAT N209.437m N330.222m

TANTALIZERS PLC
FIRST QUARTER RESULT FOR THE PERIOD ENDED 31ST MARCH 2008

2008 2007
TURNOVER N1.042b N929.437m
PBT N104.660m N46.340m
TAX (N20.932m) (N9.268m)
PAT N83.728m N37.072m

SOVEREIGN TRUST INSURANCE PLC
FIRST QUARTER RESULT ENDED 31ST MARCH 2008

2008 2007
GROSS PREMIUM WRITTEN N1.331b N605.901m
PBT N305.411m N177.969m
TAX (N36.649m) (N21.356m)
PAT N268.762m N156.613m

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