Earnings Report: Jubilee Life Insurance Co. Ltd. (PSX: JLICL) today reported Financial Results for the Three and Six months ended June 30, 2017
MG News | August 24, 2017 at 04:03 PM GMT+05:00
Jubilee Life Insurance Co. Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Revenue for the period increased 2.18 by percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 28.47 percent.
The board has recommended an interim Cash Dividend for the year 2017 at the rate of 30% i.e. Rs 3.00/- per share. The board issued 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 |
| |||
| Revenue | 22,859.58 | 22,371.93 | 2.18% |
| Premium/Contribution revenues net of reinsurance/retakaful | 20,621.14 | 16,962.86 | 21.57% |
| Investment Income and Other income | 2,238.44 | 5,408.07 | -58.61% |
| Expenses | 21,129.80 | 16,694.98 | 26.56% |
| Claims net of insurance etc | 15,909.56 | 4,134.02 | 284.84% |
| Management Expenses | 5,220.24 | 4,134.02 | 26.28% |
| Surplus before tax in Revenue Account | 1,729.78 | 1,542.93 | 12.11% |
| Surplus transferred to profit and loss account | 1,005.00 | 1,200.00 | -16.25% |
| Profit before tax as per profit & loss account | 1,658.35 | 1,288.61 | 28.69% |
| Income Tax | 619.78 | 480.15 | 29.08% |
| Profit after tax as per profit & loss account | 1,038.58 | 808.45 | 28.47% |
| EPS - Basic & Diluted | 13.09 | 10.19 | 28.46% |
Company release on Earnings Report can be accessed here.
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