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

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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