Cosmos Insurance Company Public Ltd. Reports Consolidated Audited Earnings Results for the Year Ended December 31, 2017
Cosmos Insurance Company Public Ltd. reported consolidated audited earnings results for the year ended December 31, 2017. For the period, the company reported gross earned premiums of €17,356,022 against €18,739,616 a year ago. Net earned premiums were €13,900,512 against €11,799,257 a year ago. Total income was €16,669,916 against €16,412,252 a year ago. Loss before taxation was €554,285 against profit of €243,823 a year ago. Total comprehensive loss for the period attributable to owners of the company was €150,738 or 0.0211 cents per basic and fully diluted share against profit of €536,162 or 0.0083 cents per basic and fully diluted share a year ago. Loss for the year after taxation attributable to company owners was €402,600 against profit of €157,770 a year ago. Net cash flow used in operating activities was €44,164 against net cash flow from operating activities of €1,903,558 a year ago. Purchase of property, plant and equipment were €46,284 against €73,089 a year ago. Purchase of software programmes were €21,460 against €148,985 a year ago. Purchase of investment property was €38,000.