February 1, 2012 / 11:47 AM / in 5 years

Ghana's SIC says net profit for 2011 slips 2.7 pct

1 Min Read

ACCRA, Feb 1 (Reuters) - Ghana's State Insurance Company said on Wednesday that its net profit for the 12 months to December 2011 fell 2.7 percent to 5.867 million cedis ($3.5 million) from 6.028 million in 2010.

SIC's net premium income rose to 61.516 million cedis, up 30 percent from 47.180 million cedis a year ago, while basic earnings per share was down to 0.0300 cedis from 0.0308 cedis.

$1 = 1.67 cedis Reporting by Christian Akorlie; Writing by Bate Felix

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