EFU Life Insurance Ltd. announced Financial Results for the ended June 30, 2017.
The company’s Revenue for the period increased by 11% percent in the outgoing year, whereas the Profit after Taxation for the Period increased 12% by percent.
The board has recommended 2nd interim Cash Dividend for the year 2017 at the rate of 12.5% i.e. Rs 1.25/- per share. This is in addition to the 1st interim cash dividend already declared and paid at the rate of 12.5% i.e. 1.25/- per share.
Comparison of Key Financials:
|
Unconsolidated Profit and Loss Account – For the Six Months Ended |
|||
|
Key Financials |
Jan – June, 2017 |
Jan – Jun, 2016 |
% Change |
|
Revenue |
18,067,145 |
16,310,633 |
11% |
|
Premium net of reinsurance |
14,606,566 |
11,380,597 |
28% |
|
Investment Income and other income |
3,460,579 |
4,930,036 |
-30% |
|
Expenses |
16,903,013 |
15,277,182 |
11% |
|
Claims including movement in policy holders liability |
13,775,940 |
12,707,930 |
8% |
|
Management Expenses |
3,127,073 |
2,569,252 |
22% |
|
Surplus available in Revenue Account |
1,164,132 |
1,033,451 |
13% |
|
Surplus transferred to P&L Account |
1,113,757 |
961,405 |
16% |
|
P&L Account before appropriation of surplus to Shareholders' Fund |
85,046 |
115,938 |
-27% |
|
Profit before tax |
1,198,803 |
1,097,343 |
9% |
|
Taxation |
425,000 |
404,550 |
5% |
|
Profit after Tax |
773,803 |
692,793 |
12% |
|
EPS – basic and diluted |
7.74 |
6.93 |
12% |
Amounts in PKR ‘000
The complete statements can be accessed here.
