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
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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