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

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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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