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Sagicor net income falls

By BFN News | 02:11 PM | Tuesday 14 November, 2017

Sagicor Financial has reported net income for the nine months ended 30 September of $78.1m, compared to $89.9m for the same period last year. The Company said the result for the period was impacted by a net provision of $7.5m related to claims exposure from hurricane activity during the year. The prior year also included exchange gains amounting to $7.9m relating to the depreciation of the Trinidad dollar, when compared to the United States dollar on financial investments. Total revenue came in at $910.9m, compared to $850.5m for the corresponding period in 2016. Assets amounted to $6.8bn and liabilities totalled $5.9bn. Sagicor's Group equity totalled $884.4m. Shareholder equity amounted to $1.96 per share. The Group's debt, which is included in other liabilities, was $405.6m. The debt to capital ratio was 31.4%. At 2:11pm: (LON:SFI) Sagicor Financial Corporation share price was 0p at 93p Story provided by

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