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.
