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[Oct 2017] Abay Insurance 2014 / 2015 Profit Latest Ethiopian News AddisBiz.com | Ethiopian Business Directory & Portal - Addis Biz

Abay Insurance profits 29.2 mln birr for 2014 / 2015 fiscal year

Abay Insurance reported a nine per cent profit rise to 29.2 million Br, although tripling its capital meant a whopping 63.5pc decrease in earnings per share to nearly 13,000 Br.
The par value of Abay’s shares is 25,000 Br.
The past fiscal year has seen it increasing its capital from just 23.6 million Br to 69.2 million Br by the end of the reporting year. The company’s June 2015 report indicated that its capital was six million Birr short of the 75 million Br capital the central bank required insurers to attain by December 2015.

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