Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

Trending :

Corporate Alert: TPL Direct Insurance Ltd. reports an EPS of 1.00 for the half year ended June 30, 2017

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

TPL Direct Insurance Ltd. announced Financial Results for the half year ended June 30, 2017.

The company’s Net Insurance premium for the period increased by 14% in the outgoing year, whereas the Profit after Taxation for the Period increased by 34% for the period.

The board recommended no cash dividend, no bonus shares or right shares.

Comparison of Key Financials:

Financial Results – For year Ended

Key Financials

June 30, 2017

June 30, 2016

% Change

Net Insurance premium

666,145,201

586,142,280

14%

Net insurance claim

279,808,431

257,142,280

9%

Net commission

56,443,987

60,706,883

-7%

Insurance claims and acquisition expenses

336,252,418

317,849,163

6%

Management expenses

197,360,008

194,316,930

2%

Underwriting profit

132,532,775

74,453,388

78%

Investment income

9,547,885

25,262,986

-62%

Other income

72,233,813

65,420,114

10%

Other expenses

137,945,559

95,182,673

45%

Results of operating activities

76,368,914

69,953,815

9%

Financial charges

183,675

6,517

2718%

PBT from General Insurance Operations

76,185,239

69,947,298

9%

PBT from Window Takaful Operations

36,006,716

18,384,715

96%

PBT for the Period

112,191,955

88,332,013

27%

Taxation

36,603,693

32,009,724

14%

PAT for the Period

75,588,262

56,322,289

34%

Total Compre: Income for the period – net of tax

72,816,492

56,091,465

30%

EPS (after tax) per share

1.00

0.75

33%

 The complete statements can be accessed here.

Posted on: 2017-08-15T15:57:00+05:00