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[Apr 2017] Lucy Insurance Profit Latest Ethiopian News AddisBiz.com | Ethiopian Business Directory & Portal - Addis Biz

Lucy Insurance Profits 8.5 Million Br for 2014 / 2015 Fiscal Year

Lucy Insurance SC has recorded a 300pc increase in paid up capital, amounting to 62 million Br, and a doubled its profit after tax to eight and a half million birr.

The former was a result of having sold 46.7 million birr worth of shares in the past fiscal year alone. However, the quadrupling of the number of shares has come at the expense of a 12pc decrease in Earnings Per Share (EPS).

Although Lucy’s annual report puts their capital as of June 2015 at 62 million Br, additional sale of shares to the tune of 13million Br

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