Enterprise Group Ltd (EGL) has posted a net income growth of 29% for the year 2017 compared to 20.4% in 2016 with a profit growth of 27.9% and a group pre-tax profit of GHS 90.4m.
These were disclosed by the Chairman of the Board of Directors of the Group, Mr Trevor Trefgarne, at the Annual General Meeting (AGM) of the Enterprise Group held at the Advantage Place, Ridge, on Tuesday, 12th June, 2018.
He disclosed that Enterprise Life improved its market share to 28% and had become the largest part of the business of the Group, representing the major source of profit for the Group. He said that Enterprise Insurance also increased its market share by 13.7%.
On the Share market, Mr Trefgame announced that the Group closed trading for the year 2017 at GHS3.699 with a return of 54.13%, starting the year at GHS2.70. He said that market capitalisation improved from GHS312.3 million (US$73.5m) to GHS 495m (US$113m) at the end of the year.