Earnings Report: Pakistan General Insurance Co. Ltd. (PSX: PKGI) today reported Financial Results for the Three and Six months ended June 30, 2017

By MG News | September 13, 2017 at 03:28 PM GMT+05:00

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Pakistan General Insurance Co. Ltd. announced Financial Results for the period ended June 30, 2017.

The company’s Underwriting Results for the period increased by 28 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 60 percent.

The board has not recommended any Cash Dividend, 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
Net Insurance Premium	143,636,116	135,905,503	5.69%
Net Insurance Claims	5,913,625	65,556,069	-90.98%
Underwriting Results	30,083,678	23,431,997	28.39%
Investment Income	6,982,087	7,871,618	-11.30%
Results of Operating Activities	15,880,561	19,809,989	-19.84%
Finance Cost	1,559,742	200,764	676.90%
Profit before Tax	14,320,819	19,609,225	-26.97%
Taxation	1,215,240	3,636,521	-66.58%
PAT	25,536,059	15,972,704	59.87%
Total Compre: Income for the year	15,656,752	16,099,748	-2.75%
EPS - Basic & diluted	0.33	0.34	-2.94%

Company release on Earnings Report can be accessed here.

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