Crescent Star Life Insurance Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Underwriting Result for the period decreased by 108.5 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 1989 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
Net premium revenue
67,646,893
109,501,364
-38.22%
Net claims
20,055,730
25,990,973
-22.84%
Underwriting Result
(2,954,583)
34,699,100
-108.51%
Investment Income
136,170,034
3,732,390
3548.33%
Profit before Tax
120,335,301
5,853,432
1955.81%
Provision for taxation
(20,888,206)
(1,095,014)
1807.57%
Profit after tax
99,447,095
4,758,418
1989.92%
Profit and loss appropriation account
Balance accumulated profit/(loss) at the end of the period
110,340,040
7,905,846
1295.68%
EPS – Basic and diluted
1.20
0.06
1900.00%
Company release on Earnings Report can be accessed here.