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

MG News | August 16, 2017 at 01:30 PM GMT+05:00

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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 2^nd 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 1^st 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.

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