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

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.

Posted on: 2017-08-28T11:54:00+05:00