Ekocorp reports 3% rise in profit for full year 2014

Ekocorp reports 3% rise in profit for full year 2014

Ekocorp plc in its financial report for the year 2014 is reporting 3% rise in profit to NGN156.7 million compared to NGN152.7 million reported in the financial year 2013.

The hospital ended the year with NGN1.3 billion turn over in contrast to NGN1.2 billion posted in the previous year while gross profit was NGN470.4 million against NGN478.3 million in the year before.

Operating expenses for the year was lower at NGN273.4 million in the year 2014 compared to NGN276.3 million in the year 2013 and profit before tax was NGN185.5 million versus NGN189.3 million in the year before.

Ekocorp disclosed that its total assets for the period was NGN3.4 billion against NGN3.3 billion acquired in the year before while total liabilities was NGN1.1 billion versus NGN1.1 billion in the year 2013.

Ekocorp Plc is an International public company in Nigeria. The company provides hospital and medical service plans. The main activity of the company is to provide direct health and medical insurance carriers. The company provides also medical coverage protection from complications as well as life insurance coverage.