Enterprise Group PLC records 37% rise in revenue in 2021
Leading Insurance Company, Enterprise Group PLC, has recorded an increase in revenue of 37 percent for the year ended 2021, amounting to GHS1.16 billion.
This growth in revenue, according to the company, resulted in profit after tax of GH¢122 million for the year under review.
This however represents a decrease in profit after tax compared to the GHS146 million recorded in the previous year.
At its twelfth Annual General Meeting held in Accra, the company declared a dividend of GHS0.744 for the year 2021, a 20 percent increase in the dividend paid in 2020.
Following the 37 percent increase in revenue for the year ended 2021, the company is optimistic of a consolidated performance in 2022.
The company insists the few setbacks faced in 2021 are not obstacles to its outlook this year.
Chief Executive Officer of Enterprise Group PLC, Keli Gadzekpo spoke to Citi Business News on the sidelines of the AGM.
“In 2020, there was a dip in our claims but in 2021, we saw the increase. So our interpretation of it is that the pass-through effect from 2020 had come through in 2021. It’s not much a problem but we’re keeping our eye on it.”
“2022 and the year after are years of consolidation, which is positive for us. We’ve done a lot of things. We have a lot of moving parts so we’re anxious to bear those moving parts and charge ahead. So we see growth, performance and increased profitability coming,” he assured.
Source: Ghana Business
