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[Oct 2017] National Insurance Company of Ethiopia (NICE) S.C 2014 / 2015 Profit Latest Ethiopian News AddisBiz.com | Ethiopian Business Directory & Portal - Addis Biz

National Insurance Company of Ethiopia (NICE) Profits 28.03 million Br for 2014 / 2015 Fiscal Year

National Insurance Company of Ethiopia (NICE) S.C., increased its earnings per share (EPS) to 547 Br in the 2014/15 fiscal year up from 439 Br the previous year; the year has saw its profits soaring by 76.3pc to 28.03 million Br.

This is the first reporting year under the new CEO Tesfaye Debella, successor to Habtemariam Shumgizaw, who had been the boss for 20 years, until October 2014.

NICE, which engages in general insurance only, also reported increasing its paid-up capital to 54.9 million Br,  up by 21.3pc from the

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