Executives of United Insurance rewarded shareholders with generous results, making them bag 15% more earnings per share (EPS) than the previous year.
Executives of United Insurance rewarded shareholders with generous results from the year's operation, making them bag 15% more earnings per share (EPS) than the previous year. EPS surged by 55 Br for a share to 370 Br after the company netted a 181 million Br profit, showing an increase of 25%.
In the words of Mulualem Berhane, Board Chairman, this was recorded against the backdrop of "a country grappling with continued political and economic vulnerabilities." He praised the outcome as "commendable."
Capital Growth
Shareholders who met at the Sheraton Addis resolved to increase the firm's capital to 1.5 billion Br. The decision reflected confidence in the company's growth trajectory and commitment to strengthening its market position.
