Cash Assurances: 2022 results

The Compagnie d'Assurances des Hydrocarbures (Cash) has released its financial results for the year ended 31 December 2022.

The annual turnover amounted to 18.9 billion DZD (137.2 million USD), up by 17% compared with the 16.2 billion DZD (117.2 million USD) recorded in 2021.

The net result improved by 14% to 1.18 billion DZD (8.6 million USD) against 1.04 billion DZD (7.6 million USD) posted a year earlier.

By the end of the year, the company's shareholders' equity stood at 14.7 billion DZD (106.7 million USD). The return on equity (ROE) was 8.1%.