Earnings Report: IGI Life Insurance (PSX: IGIL) today reported Financial Results for the Three and Six months ended June 30, 2017

By MG News | August 29, 2017 at 03:26 PM GMT+05:00

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IGI Life Insurance announced Financial Results for the period ended June 30, 2017.

The company’s Total Net income for the period decreased by 20 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 99 percent.

The board did not recommend any Cash Dividend, 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
Total Net income	3,586,350	4,469,709	-19.76%
Total Claims and Expenditure	2,914,060	1,578,910	84.56%
Excess of income over claims and expenditure	672,290	2,297,468	-70.74%
Profit before Tax	174,876	92,681	88.69%
Taxation	17,919	13,659	31.19%
Profit after Tax	156,957	79,022	98.62%
Balance of Appropriation	1,518,525	138,683	994.96%
EPS (Include surplus of statutory Funds)	2.40	1.21	98.35%

Company release on Earnings Report can be accessed here.

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