Lagos — UnityKapital Assurance Plc is targeting a profit after tax of over N1 billion in 2013, which would represent about 100 percent increase from the N514million it recorded in 2011, managing director of the company, Mr. Kins Ekebuike has said.
The company is also projecting some N750 million profit after tax at the end of the 2012 financial year. Mr. Ekebuike said the company's "medium term growth strategy involves a drastic re-invigoration of our activities to propel ourselves into the top three echelon of the Nigerian Insurance industry within the next three years. Top three in terms of profitability, premium income, professionalism, and all positive corporate attributes. This is not wishful thinking or just a matter of engaging in unhealthy competition to grab other people's businesses. No. We have done our planning and seen areas where we have untapped opportunities in our books, and we are concentrating on them to grow our business."
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