Corporate Alert: EFU General Insurance Ltd. declares a Dividend of Rs. 1.25/- per share and reports an EPS of Rs. 5.59/- for the period ended June 30, 2017
MG News | August 16, 2017 at 02:44 PM GMT+05:00
EFU General Insurance Ltd. announced Financial Results for the ended June 30, 2017.
The company’s Revenue Account for the period was unmoved in the outgoing year, whereas the Profit after Taxation for the Period increased by 15 percent.
The board has recommended an second interim Cash Dividend for the six months ended June 30, 2017 at the rate of 12.5% i.e. Rs 1.25/- per share. This is in addition to the First interim dividend already paid at Rs. 1.25/- per share i.e. 12.5%.
Comparison of Key Financials:
| Interim Profit and Loss Account - For the Six Months Ended | |||
| Key Financials | Jan - June, 2017 | Jan - Jun, 2016 | % Change |
| Revenue Account | #DIV/0! | ||
| Net premium revenue | 3,756,708 | 3,760,948 | 0% |
| Net claims | 1,460,979 | 1,577,137 | -7% |
| Management Expenses | 1,170,147 | 1,098,255 | 7% |
| Net Commission | 278,007 | 301,733 | -8% |
| Underwriting result | 847,575 | 784,023 | 8% |
| Investment income | 468,345 | 590,380 | -21% |
| Rental income | 69,213 | 68,732 | 1% |
| Profit on deposits | 39,274 | 31,568 | 24% |
| Other income | 22,337 | 10,998 | 103% |
| Share of profit of associate | 333,448 | 293,568 | 14% |
| General and Admin expenses | 65,686 | 92,024 | -29% |
| Profit/(loss) before tax from Takaful operations - OPF | 18,611 | (9,500) | |
| Profit before tax | 1,733,117 | 1,677,745 | 3% |
| Provision for taxation | 614,549 | 705,705 | -13% |
| PAT | 1,118,568 | 972,040 | 15% |
| EPS - basic and diluted | 5.59 | 4.86 | 15% |
Amounts in PKR ‘000
The complete statements can be accessed here.
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