Pakistan General Insurance Co. Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Underwriting Results for the period increased by 28 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 60 percent.
The board has not recommended any Cash Dividend, 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 |
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Net Insurance Premium |
143,636,116 |
135,905,503 |
5.69% |
Net Insurance Claims |
5,913,625 |
65,556,069 |
-90.98% |
Underwriting Results |
30,083,678 |
23,431,997 |
28.39% |
Investment Income |
6,982,087 |
7,871,618 |
-11.30% |
Results of Operating Activities |
15,880,561 |
19,809,989 |
-19.84% |
Finance Cost |
1,559,742 |
200,764 |
676.90% |
Profit before Tax |
14,320,819 |
19,609,225 |
-26.97% |
Taxation |
1,215,240 |
3,636,521 |
-66.58% |
PAT |
25,536,059 |
15,972,704 |
59.87% |
Total Compre: Income for the year |
15,656,752 |
16,099,748 |
-2.75% |
EPS – Basic & diluted |
0.33 |
0.34 |
-2.94% |
Company release on Earnings Report can be accessed here.