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.
