LPI

LPI

Its revenues grew consistently and at a rate of between 5% to 10% yearly..  However, profit before tax declined since 2016 due to shrinking profit before tax margin.  The profit before tax margin declined from a high of 37.6% in 2016 to 22.5% in 2022.   This is due to liberalization of the insurance sector and the increasing competition in the market place.

Its share price has declined at the same pace as the decline in its profit before tax and its EPS, resulting in a flattish PER.