Corporate Alert: EFU Life Insurance Ltd. declares a Dividend of Rs. 1.25/- per share and reports an EPS of 7.74/- for the period ended June 30, 2017

EFU Life Insurance Ltd. announced Financial Results for the ended June 30, 2017.

The company’s Revenue for the period increased by 11% percent in the outgoing year, whereas the Profit after Taxation for the Period increased 12% by percent.

The board has recommended 2nd interim Cash Dividend for the year 2017 at the rate of 12.5% i.e. Rs 1.25/- per share. This is in addition to the 1st interim cash dividend already declared and paid at the rate of 12.5% i.e. 1.25/- per share.

Comparison of Key Financials:

Unconsolidated Profit and Loss Account – For the Six Months Ended

Key Financials

Jan – June, 2017

Jan – Jun, 2016

% Change

Revenue

18,067,145

16,310,633

11%

Premium net of reinsurance

14,606,566

11,380,597

28%

Investment Income and other income

3,460,579

4,930,036

-30%

Expenses

16,903,013

15,277,182

11%

Claims including movement in policy holders liability

13,775,940

12,707,930

8%

Management Expenses

3,127,073

2,569,252

22%

Surplus available in Revenue Account

1,164,132

1,033,451

13%

Surplus transferred to P&L Account

1,113,757

961,405

16%

P&L Account before appropriation of surplus to Shareholders' Fund

85,046

115,938

-27%

Profit before tax

1,198,803

1,097,343

9%

Taxation

425,000

404,550

5%

Profit after Tax

773,803

692,793

12%

EPS – basic and diluted

7.74

6.93

12%

Amounts in PKR ‘000

The complete statements can be accessed here.

Posted on: 2017-08-16T13:30:00+05:00