Earnings Report: Adamjee Insurance Ltd. (PSX: AICL) today reported Financial Results for the Three and Six months ended June 30, 2017

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Adamjee Insurance Ltd. announced Financial Results for the period ended June 30, 2017.

The company’s Underwriting Result for the period decreased by 17.74 percent in the outgoing year, whereas the Profit after Taxation for the Period for the period decreased by 28.13 percent.

The board has recommended an interim Cash Dividend for the quarter ended June 30, 2017 at the rate of 15% i.e. Rs 1.50/- per share. The board issued no bonus or right shares.

Comparison of Key Financials

Unconsolidated Profit and Loss Account – For the Six Months Ended

Key Financials

Jan – June, 2017

Jan – Jun, 2016

% Change

 

Amounts in PKR ‘000

Net Premium Revenue

5,738,936

4,368,316

31.38%

Underwriting Result

656,171

589,810

11.25%

Investment Income

1,124,424

1,366,848

-17.74%

Other Income

1,614

3,290

-50.94%

General and Admin: Expenses

1,837,526

2,070,966

-11.27%

Profit before Tax

1,538,860

1,764,282

-12.78%

Taxation

477,747

113,185

322.09%

Profit after Tax

1,061,113

1,476,395

-28.13%

Balance un-appropriated Profit at the end of period

12,279,882

10,604,084

15.80%

EPS – Basic & diluted

3.03

4.22

-28.20%

 

Company release on Earnings Report can be accessed here.

Posted on: 2017-08-29T15:59:00+05:00

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