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

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MG News | August 28, 2017 at 03:00 PM GMT+05:00

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East West Insurance Co. Ltd. announced Financial Results for the period ended June 30, 2017.

The company’s Underwriting Results for the period increased by 20.22 percent in the outgoing year, whereas the Profit after Taxation for the Period decreased by 30.1 percent.

The board did not recommend any interim Cash Dividend, 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

543,543

497,101

9.34%

Net claims

229,117

210,248

8.97%

Underwriting Results

130,746

108,760

20.22%

Investment income

10,402

52,378

-80.14%

Profit before Tax

100,461

131,413

-23.55%

Provision for taxation

20,110

16,051

25.29%

Profit for the period

80,351

115,362

-30.35%

EPS - Basic & diluted

1.58

2.27

-30.40%

 

Company release on Earnings Report can be accessed here.

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