For Staco Insurance, it’s worse late than never

After a record delay spanning six years, Staco Insurance Plc has finally released its audited results for the year ended December 31, 2018 showing a 158 percent increase in its loss after tax. The board of NGX RegCo had at its meeting of June 28, 2024, following the presentation of the Regulation and New Business Committee (RNBC) report of its meeting held on May 6, 2024 approved the commencement of the delisting process of STACO Insurance Plc. The stock is still at 48 kobo per share. The full year 2018 scorecard…majorly negatives