Custodian Investment forecasts 2.56% profit growth
Custodian Investment Plc, an investment holding company with significant interests in life and non-life insurance, pension fund has released its earnings forecast for the third quarter of 2021 with profit after taxation projected to rise by 2.56% to N5.624 billion compared with N5.484 billion in Q3 2020.
The company is also expecting its gross revenue to rise to N60.817 billion from N53.052 billion in Q3 2020. Cash and cash equivalents at the end are expected to drop to N5.148 billion from N6.839 billion at the beginning of the period.
Custodian Investment Plc. is an investment company with a significant holding in companies and brands including Custodian and Allied Insurance Limited, Custodian Life Assurance Limited, Custodian Trustees, Crusader Sterling Pensions Limited and UACN Property Development Company Plc. all rendering best in class services in their respective spheres.
The Company is managed by a Board comprising thoroughbred professionals with proven track records in their various fields of endeavour, who brings broad and deep insights derived from several years of fruitful and eventful years of experience to bear on the direction of the Company.
Currently, with group-wide assets under management (AUM) in excess of NGN 300 billion (approx. $1b), the Company ranks high among eminent players in Nigeria’s Other Financial Services Sector of the economy. The firm’s vision is to be the preferred partner in creating and preserving wealth.
