Middlesea Insurance plc Reports Audited Group and Company Earnings Results for the Year Ended December 31, 2013
Middlesea Insurance plc reported audited group and company earnings results for the year ended December 31, 2013. For the period, on group basis, the company reported total profit before tax for the year amounted to 17.30 million as compared to a profit during the previous year of 18.01 million. Total income from insurance activities of 13.41 million compared to 14.79 million for the same period a year ago. Profit attributable to shareholders was 6.03 million or 6.6 cents per share compared to 9.39 million or 10.2 cents per share for the same period a year ago. Net cash generated from operating activities was 55.49 million compared to 32.49 million for the same period a year ago.
On company basis, for the year the company reported total income from insurance activities of 3,268,000 compared to 3,710,000 for the same period a year ago. Total profit before tax was 5.9 million compared to 3.29 million for the same period a year ago. Profit attributable to shareholders was 5.2 million compared to 4.23 million for the same period a year ago. Net cash generated from operating activities was 2.68 million compared to 1.08 million for the same period a year ago.