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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

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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.

Posted on: 2017-08-16T14:44:00+05:00