Corporate Alert: EFU General Insurance Ltd. declares a Dividend of Rs. 1.25/- per share and reports an EPS of Rs. 5.59/- for the period ended June 30, 2017
EFU General Insurance Ltd. announced Financial Results for the ended June 30, 2017.
The company’s Revenue Account for the period was unmoved in the outgoing year, whereas the Profit after Taxation for the Period increased by 15 percent.
The board has recommended an second interim Cash Dividend for the six months ended June 30, 2017 at the rate of 12.5% i.e. Rs 1.25/- per share. This is in addition to the First interim dividend already paid at Rs. 1.25/- per share i.e. 12.5%.
Comparison of Key Financials:
Interim Profit and Loss Account – For the Six Months Ended
Key Financials
Jan – June, 2017
Jan – Jun, 2016
% Change
Revenue Account
#DIV/0!
Net premium revenue
3,756,708
3,760,948
0%
Net claims
1,460,979
1,577,137
-7%
Management Expenses
1,170,147
1,098,255
7%
Net Commission
278,007
301,733
-8%
Underwriting result
847,575
784,023
8%
Investment income
468,345
590,380
-21%
Rental income
69,213
68,732
1%
Profit on deposits
39,274
31,568
24%
Other income
22,337
10,998
103%
Share of profit of associate
333,448
293,568
14%
General and Admin expenses
65,686
92,024
-29%
Profit/(loss) before tax from Takaful operations – OPF