Iron Rock Makes Small Profit in UN-audited Year End Results

• The company earned profits that amounted to $0.8Mn (EPS: $0.00) in the 12 months ending December 2018, which is a significant improvement over the prior year loss of $47.8Mn (EPS: $0.22) in 2017.

 

• Management credits the results to the strong performance of the insurance portfolio, as evidenced by the improvement in profit commissions and very low loss ratios in its motor and liability classes.

 

• The stock appreciated by 73% in 2018 and has remained unchanged at $4.90 since the beginning of 2019.

 

(Source: Unaudited Year-End Financial Statements)