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

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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.

Posted on: 2017-08-22T13:44:00+05:00