Earnings Report: Atlas Insurance Ltd. (PSX: ATIL) today reported Financial Results for the Three and Six months ended June 30, 2017
MG News | August 28, 2017 at 11:54 AM GMT+05:00
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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