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[Sep 2017] Tsehay Insurance S.C 2015 Profit Latest Ethiopian News AddisBiz.com | Ethiopian Business Directory & Portal - Addis Biz

Tsehay Insurance Profits 11.6 mln birr for 2015 fiscal year

Tsehay Insurance S.C. has ended its third year with 11.6 million Br profit after tax, a massive increase from last budget year by 185.7pc. In line with this, earnings per share (EPS) have almost doubled to 32 Br.

The massive growth in profit is attributed to the parallel expansion in all income items. The report indicated that underwriting surplus has increased by 57.6pc to 21.1 million Br, which came due to the expansion in gross written premium. It has increased from 80.3 million Br to 121 million Br. Moreover, the increased

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