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

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.

Posted on: 2017-08-30T15:25:00+05:00