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Earnings Report: Asia Insurance (PSX: ASIC) today reported Financial Results for the Three and Six months ended June 30, 2017

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Asia Insurance Co. Ltd. announced Financial Results for the period ended June 30, 2017.

The company’s for the period increased by percent in the outgoing year, whereas the Profit after Taxation for the Period percent.

The board issued no cash dividend, any 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 Insurance Premium

246,829,611

199,713,948

24%

Underwriting Results

68,372,795

83,885,046

-18%

Results of Operating Activities

141,228,863

70,077,657

102%

Profit before Tax

143,289,583

70,741,950

103%

Profit after Tax

124,093,879

53,543,786

132%

EPS- Basic and diluted

2.76

1.19

132%

Net Insurance Premium

246,829,611

199,713,948

24%

Underwriting Results

68,372,795

83,885,046

-18%

Results of Operating Activities

141,228,863

70,077,657

102%

Profit before Tax

143,289,583

70,741,950

103%

Profit after Tax

124,093,879

53,543,786

132%

EPS- Basic and diluted

2.76

1.19

132%

 

Company release on Earnings Report can be accessed here.

Posted on: 2017-08-22T11:06:00+05:00