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

MG News | August 24, 2017 at 03:41 PM GMT+05:00

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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.

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