Earnings Report: Atlas Insurance Ltd. (PSX: ATIL) today reported Financial Results for the Three and Six months ended June 30, 2017

By MG News | August 28, 2017 at 11:54 AM GMT+05:00

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

The company’s Underwriting Result for the period increased by 30 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 3.28 percent.

The board did not recommend any Cash Dividend for the period.

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
Revenue Account
Underwriting Result	289,458	223,334	29.61%
Investment Income	228,917	241,419	-5.18%
Loss/Profit before Taxation from window takaful Operations	(502)	42
Profit before Tax for the Period	489,519	444,512	10.13%
Balance at Commencement of Period
PAT	618,860	599,221	3.28%
EPS - Basic & Diluted	4.72	4.46	5.83%

Company release on Earnings Report can be accessed here.

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