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[Jan 2018] Awash Insurance Company S.C. (AIC) 2014/2015 Profit Latest Ethiopian News | Ethiopian Business Directory & Portal - Addis Biz

Awash Insurance Company S.C Profits 64.3 Million Birr After Tax for 2014/2015 Fiscal year

Awash Insurance Company S.C. (AIC) has reversed last year’s poor performance in profit after tax and earnings per share (EPS) but the general growth rate is still lower than that reported in the fiscal year 2012/13 and previous years.  In the past year, the Company registered a 10.5pc increase in profit after tax to 64.3 million Br and marginal 3.8pc increase of EPS to 272 Br.

The decline in growth rate of EPS is attributed to the sluggish growth rate in profit after tax coupled with massive expansion in paid up capital, said

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