Earnings Report: Pakistan Reinsurance Co. Ltd. (PSX: PAKRI) today reported Financial Results for the Three and Six months ended June 30, 2017
MG News | August 30, 2017 at 03:25 PM GMT+05:00
Pakistan Reinsurance Co. Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Underwriting Results for the period decreased by 60 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 190 percent.
The board did not give any information on Cash Dividend, no bonus or right shares in the issued Financial Statements.
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 | 2,710,168,318 | 2,833,231,492 | -4.34% |
| Underwriting Results | 218,261,489 | 545,378,409 | -59.98% |
| Investment Income | 3,223,147,052 | 589,582,725 | 446.68% |
| General & Admin: Expenses | 26,002,921 | 22,866,111 | 13.72% |
| Profit before Tax | 3,559,809,614 | 1,136,037,469 | 213.35% |
| Taxes | 1,065,704,060 | 274,632,333 | 288.05% |
| Profit after Tax | 2,494,105,553 | 861,405,136 | 189.54% |
| Balance of Unappropriated Profit at the end of Period | 3,939,147,052 | 1,991,511,437 | 97.80% |
| EPS - Basic & Diluted | 8.31 | 2.87 | 189.55% |
Company release on Earnings Report can be accessed here.
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