ANSA Merchant Bank Limited Announces Audited Consolidated and Parent Earnings Results for the Year Ended December 31, 2018
March 21, 2019 at 06:27 pm EDT
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ANSA Merchant Bank Limited announced audited consolidated and parent earnings results for the year ended December 31, 2018. For the year, on group basis, the company reported net insurance revenue of TTD 363,315,000 as compared to TTD 398,570,000 for the same period last year. Total operating income was TTD 925,460,000 as compared to TTD 981,801,000 for the same period last year. Net operating income was TTD 502,088,000 as compared to TTD 582,010,000 for the same period last year. Profit for the year was TTD 206,015,000 as compared to TTD 232,279,000 for the same period last year. Basic and diluted earnings per share were TTD 2.41 compared with TDD 2.71 a year ago.
For the year, on parent basis, the company reported total operating income was TTD 300,097,000 as compared to TTD 310,925,000 for the same period last year. Net operating income was TTD 248,489,000 as compared to TTD 233,500,000 for the same period last year. Profit for the year was TTD 143,298,000 as compared to TTD 139,710,000 for the same period last year.
ANSA Merchant Bank Limited (the Bank) is a commercial and investment bank. The Bank carries on the classes of business, which include confirming house/acceptance house, finance house/finance company, leasing corporation, mortgage institution, merchant bank, trust company, unit trust and financial services. Its segments include Banking services, which include asset financing, commercial banking, merchant banking, investment services, securities trading and foreign exchange trading; Mutual funds, which include ANSA Secured Fund, ANSA US$ Secured Fund, ANSA TT$ Income Fund and ANSA US$ Income Fund; Life insurance operations, which include underwriting of longer-term insurance business: individual participating and non-participating life insurance, group life insurance, individual insurance and group annuity and pension, and General insurance operations, which underwrites various short-term insurance business: commercial and residential fire, general accident, marine, motor and others.