Shaheen Insurance Co. Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Net Premium Revenue for the period increased by 8.94 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 52.00 percent.
The board did not recommend any interim Cash Dividend, no 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 Premium Revenue
142,679,207
130,971,340
8.94%
Underwriting Results
30,031,931
33,973,438
-11.60%
Investment Income
14,705,051
9,094,021
61.70%
General and Admin Expenses
27,658,608
39,833,422
-30.56%
Profit for the Period before Taxation
24,004,249
14,356,425
67.20%
Taxation
1,426,792
1,309,713
8.94%
PAT
22,577,457
13,046,712
73.05%
Balance of accumulated loss at the commencement of the period
(41,018,601)
(90,685,199)
EPS – Basic and diluted
0.38
0.25
52.00%
Company release on Earnings Report can be accessed here.