Earnings Report: IGI Life Insurance (PSX: IGIL) today reported Financial Results for the Three and Six months ended June 30, 2017
MG News | August 29, 2017 at 03:26 PM GMT+05:00
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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