Sunday, Jan 20, 2019

Signia profit of $4.2 million

Signia profit of $4.2 million
09 May

Despite facing what it calls a challenging external environment over the past financial year, the Signia Financial Group is reporting a creditable performance.

The comments were contained in the report on the 2017 financial statements, by Chairman Sir Geoffrey Cave and Chief Executive Officer Paul Ashby.

The group recorded a net profit of 4.2 million dollars, which represents an increase of 13.5 per cent over the performance in the previous year.

The report however says they are mindful of the delinquency levels in difficult economic environments.

To this end Signia says there's a company-wide focus on management of non-performing loans, through the implementation of proactive measures, and working closely with customers to ensure that a high-quality loan portfolio is maintained.

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