Royal Exchange forecasts N732m profit for Q4 2020

WorldStage Newsonline– Royal Exchange Plc has released its earnings forecast for the fourth quarter (4Q) ending 31st December 2020 to the Nigerian Stock Exchange (NSE) with gross written premium of N2.366 billion and profit after tax of N732 million.

The earnings forecast signed by Olawale Banmore, Group Managing Director and Olalekan Jayeola Ag. Chief Financial Officer was made with assumptions that the inflation rate would be 13% as the worst case scenario and the exchange rate of N380 to a dollar.

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