Adamjee Insurance Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Underwriting Result for the period decreased by 17.74 percent in the outgoing year, whereas the Profit after Taxation for the Period for the period decreased by 28.13 percent.
The board has recommended an interim Cash Dividend for the quarter ended June 30, 2017 at the rate of 15% i.e. Rs 1.50/- per share. The board issued no bonus or right shares.
Comparison of Key Financials
Unconsolidated Profit and Loss Account – For the Six Months Ended
Key Financials
Jan – June, 2017
Jan – Jun, 2016
% Change
Amounts in PKR ‘000
Net Premium Revenue
5,738,936
4,368,316
31.38%
Underwriting Result
656,171
589,810
11.25%
Investment Income
1,124,424
1,366,848
-17.74%
Other Income
1,614
3,290
-50.94%
General and Admin: Expenses
1,837,526
2,070,966
-11.27%
Profit before Tax
1,538,860
1,764,282
-12.78%
Taxation
477,747
113,185
322.09%
Profit after Tax
1,061,113
1,476,395
-28.13%
Balance un-appropriated Profit at the end of period
12,279,882
10,604,084
15.80%
EPS – Basic & diluted
3.03
4.22
-28.20%
Company release on Earnings Report can be accessed here.
