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

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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.

Posted on: 2017-08-24T15:41:00+05:00