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

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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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