Continental Reinsurance’s profit slumps on foreign exchange movement

by | March 20, 2018 1:45 am

The impacts of foreign exchange movements have dealt a blow on Continental Reinsurance Plc’s profit despite efficient underwriting performance. For the year ended December 2017, Continental Re’s net income dipped by 20.57 percent to N2.47 billion as against N3.11 billion the previous year. The drop in profit was due to a 71.92 percent decline in…

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