Bunna Insurance Profit Latest Ethiopian News

During 2020/2019 budget year, Bunna Insurance has earned a net profit of 20.05 million birr which is 68% of the planned 29.62 million birr. The current year’s profit is also 28% lower than last year’s profit of Birr 27.92 million. The Earning per share (EPS) of the company has decrease from 26.96 for the 2019 / 2018 budget year to 15.96 birr for the 2020 / 2019 budget year.

Bunna Insurance S.C has earned 26.8ml Br profit for the 2019 / 2018, registering a small increase of 6pc compared to last year. Bunna’s paidup capital increased to 112.6 million Br.

In its recent report of the last financial year, Bunna’s after-tax profit climbed ten fold to reach 25.1 million Br. This led shareholders to enjoy 30pc earnings per share. The profit also enabled Bunna to have a positive reserve.

Though Bunna Insurance, the youngest insurer, registered a remarkable profit with a 537pc...