Earnings Report: Jubilee General Insurance (PSX: JGICL) today reported Financial Results for the Three and Six months ended June 30, 2017

MG News | August 22, 2017 at 01:44 PM GMT+05:00

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Jubilee General 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 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 25 percent.

The board has recommended no interim Cash Dividend, bonus shares or right shares for the period.

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	2,292,328	2,055,017	12%
Underwriting Result	176,009	115,782	52%
Profit before Tax	921,051	813,694	13%
Provision for Taxation	318,457	329,647	-3%
Profit after Tax	602,594	484,047	24%
ESP - Basic and diluted	3.34	2.68	25%

Company release on Earnings Report can be accessed here.

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