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

By MG News | August 30, 2017 at 03:25 PM GMT+05:00

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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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