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
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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