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

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MG News | August 15, 2017 at 03:57 PM GMT+05:00

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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.

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