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

Share on whatsapp
Share on facebook
Share on twitter
Share on linkedin

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

Key Financials

Jan – June, 2017

Jan – Jun, 2016

% Change

 

Amounts in PKR ‘000

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

     

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.

Posted on: 2017-08-28T11:55:00+05:00

Data is delayed by 20 minutes

4.5bln

Pakistan Clocks in Trade deficet

Loading poll …