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

By MG News | August 28, 2017 at 11:55 AM GMT+05:00

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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.

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