TPL Direct Insurance Ltd. announced Financial Results for the half year ended June 30, 2017.
The company’s Net Insurance premium for the period increased by 14% in the outgoing year, whereas the Profit after Taxation for the Period increased by 34% for the period.
The board recommended no cash dividend, no bonus shares or right shares.
Comparison of Key Financials:
|
Financial Results – For year Ended |
|||
|
Key Financials |
June 30, 2017 |
June 30, 2016 |
% Change |
|
Net Insurance premium |
666,145,201 |
586,142,280 |
14% |
|
Net insurance claim |
279,808,431 |
257,142,280 |
9% |
|
Net commission |
56,443,987 |
60,706,883 |
-7% |
|
Insurance claims and acquisition expenses |
336,252,418 |
317,849,163 |
6% |
|
Management expenses |
197,360,008 |
194,316,930 |
2% |
|
Underwriting profit |
132,532,775 |
74,453,388 |
78% |
|
Investment income |
9,547,885 |
25,262,986 |
-62% |
|
Other income |
72,233,813 |
65,420,114 |
10% |
|
Other expenses |
137,945,559 |
95,182,673 |
45% |
|
Results of operating activities |
76,368,914 |
69,953,815 |
9% |
|
Financial charges |
183,675 |
6,517 |
2718% |
|
PBT from General Insurance Operations |
76,185,239 |
69,947,298 |
9% |
|
PBT from Window Takaful Operations |
36,006,716 |
18,384,715 |
96% |
|
PBT for the Period |
112,191,955 |
88,332,013 |
27% |
|
Taxation |
36,603,693 |
32,009,724 |
14% |
|
PAT for the Period |
75,588,262 |
56,322,289 |
34% |
|
Total Compre: Income for the period – net of tax |
72,816,492 |
56,091,465 |
30% |
|
EPS (after tax) per share |
1.00 |
0.75 |
33% |
The complete statements can be accessed here.
