Crescent Star Life Insurance Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Underwriting Result for the period decreased by 108.5 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 1989 percent.
The board did not recommend any Cash Dividend for the period. The board issued no bonus or right shares.
Comparison of Key Financials
Unconsolidated Profit and Loss Account – For the Six Months Ended |
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Key Financials |
Jan – June, 2017 |
Jan – Jun, 2016 |
% Change |
Amounts in PKR ‘000 |
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Net premium revenue |
67,646,893 |
109,501,364 |
-38.22% |
Net claims |
20,055,730 |
25,990,973 |
-22.84% |
Underwriting Result |
(2,954,583) |
34,699,100 |
-108.51% |
Investment Income |
136,170,034 |
3,732,390 |
3548.33% |
Profit before Tax |
120,335,301 |
5,853,432 |
1955.81% |
Provision for taxation |
(20,888,206) |
(1,095,014) |
1807.57% |
Profit after tax |
99,447,095 |
4,758,418 |
1989.92% |
Profit and loss appropriation account |
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Balance accumulated profit/(loss) at the end of the period |
110,340,040 |
7,905,846 |
1295.68% |
EPS – Basic and diluted |
1.20 |
0.06 |
1900.00% |
Company release on Earnings Report can be accessed here.