The insurance firm ended the 2013 with 31 per cent growth in profit after tax and paid a dividend of eight kobo per share in an industry that some companies failed to pay dividend.
Buy speaking at the annual general meeting in
"We are particularly glad that you are still able to pay so much as eight Kobo dividend to shareholders under the prevailing conditions. We wish you more growth in the coming years."
In his speech, Chairman of
Explaining the eight kobo dividend, Oshibodu said it was in line with the company's assurance to continually deliver exceptional value to shareholders.
Commenting on the results, Chief Client Officer of
"The institutional end of the market was most affected. On the other hand we had a much better cash flow into the business reflecting our compliance with regulation."
According to him, overall, the company achieved 31 per cent increase in net earnings as a result of significant growth in income from our increasingly diversified investment base.
Speaking in the same vein, Chief Financial Officer of the company,
"We are unwearied because we are seeing growing numbers in Mansard's penetration of a resilient market. We will continue to work enthusiastically to deliver on our assurance of financial security to our customers."
She said the company found 2013 financial year interesting as retail business was a major driver of both revenue and profit.
"We find this very exciting and rewarding as we seem to have started reaping the rewards of our significant investments in retail," she said.
Most Popular Stories
- National Retail Federation Reduces Sales Forecast
- Sporty Ford Fiesta Fires on All 3 Cylinders
- Pandora Tumbles in Late Trading
- Execs Help Entrepreneurs, Get Chevy Volts
- Small Firms Take Out the Trash in Jersey
- Citigroup Unit Paying $5 Million to Settle SEC Charges
- Amazon Hiring on Calif.'s Central Coast
- Obama Seeks Help From Central American Leaders
- 'Big Bang' Writers Hit Comic-Con
- CalPERS Still Profiting From Tainted Investments