Earnings Report: Habib Insurance Co. Ltd. (PSX: HICL) today reported Financial Results for the Three and Six months ended June 30, 2017
MG News | August 25, 2017 at 03:36 PM GMT+05:00
Habib Insurance Co. Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Net Premium Revenue for the period increased by 12.75 percent in the outgoing year, whereas the Profit after Taxation for the Period decreased by 27.24 percent.
The board did not recommended any Cash Dividend, 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 | 304,326 | 269,916 | 12.75% |
| Net Claims | 196,126 | 117,376 | 67.09% |
| Expenses | 129,842 | 114,875 | 13.03% |
| Net commission | 38,188 | 25,416 | 50.25% |
| Underwriting Results | 16,546 | 63,081 | -73.77% |
| Investment Income | 118,699 | 108,763 | 9.14% |
| Other Income | 3,879 | 3,622 | 7.10% |
| General and Admin: Expenses | 41,580 | 39,188 | 6.10% |
| Profit before tax | 97,544 | 136,278 | -28.42% |
| Taxation | 29,732 | 42,985 | -30.83% |
| PAT | 67,812 | 93,199 | -27.24% |
| EPS of Rs. 5/each | 0.55 | 0.75 | -26.67% |
Company release on Earnings Report can be accessed here.
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