Sagicor reports a 10.0% increase in Net Profits
- For the year ended December 31, 2019, Sagicor Group Jamaica Limited reported audited net profit attributable to shareholders of $15.65Bn (EPS:$4.01), up by 10.0% relative to the $14.23Bn reported one year prior.
- This improvement was driven by a 31.2% (or 22.01Bn) in total revenues, which outstripped the 28.4% (or 7.47Bn) increase in expenses.
- The stock price has fallen 44.1% since the start of the year. Sagicor closed Tuesday’s trading session at $40.55 and is currently trading at a P/E of 10.1x, which is below the Main Market Financial Sector Average of 15.7x.
(Source: Sagicor’s Financials)