Friday, December 9, 2022
HomeEquityEarnings Report: Jubilee Life Insurance Co. Ltd. (PSX: JLICL) today reported Financial...

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

Jubilee Life Insurance Co. Ltd. announced Financial Results for the period ended June 30, 2017.

The company’s Revenue for the period increased 2.18 by percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 28.47 percent.

The board has recommended an interim Cash Dividend for the year 2017 at the rate of 30% i.e. Rs 3.00/- 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

 
  • Rupees Million

Revenue

22,859.58

22,371.93

2.18%

Premium/Contribution revenues net of reinsurance/retakaful

20,621.14

16,962.86

21.57%

Investment Income and Other income

2,238.44

5,408.07

-58.61%

Expenses

21,129.80

16,694.98

26.56%

Claims net of insurance etc

15,909.56

4,134.02

284.84%

Management Expenses

5,220.24

4,134.02

26.28%

Surplus before tax in Revenue Account

1,729.78

1,542.93

12.11%

Surplus transferred to profit and loss account

1,005.00

1,200.00

-16.25%

Profit before tax as per profit & loss account

1,658.35

1,288.61

28.69%

Income Tax

619.78

480.15

29.08%

Profit after tax as per profit & loss account

1,038.58

808.45

28.47%

EPS – Basic & Diluted

13.09

10.19

28.46%

 

Company release on Earnings Report can be accessed here.

Posted on: 2017-08-24T16:03:00+05:00
RELATED ARTICLES
- Advertisment -

Most Popular