Earnings Report: The Universal Insurance Co. Ltd. (PSX: UVIC) today reported Financial Results for the Three and Six months ended June 30, 2017
By MG News | August 30, 2017 at 11:43 AM GMT+05:00
The Universal Insurance Co. Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Underwriting Results for the period declined substantially from the previous HY results by percent in the outgoing year, whereas the Profit after Taxation for the Period also declined by 25 percent.
The board did not recommend any 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 ‘000 | |||
| Net Insurance Premium | 6,597 | 20,075 | -67.14% |
| Net Insurance Claims | 4,936 | 7,811 | -36.81% |
| Underwriting Results | (19,380) | (5,639) | |
| Investment Income | 3,948 | 10,579 | -62.68% |
| Results of Operating Activities | 2,314 | 7,986 | -71.02% |
| Finance Cost | 45 | 81 | -44.44% |
| Profit before Taxation | 13,422 | 17,217 | -22.04% |
| Taxation | 1,258 | 1,021 | 23.21% |
| PAT | 12,164 | 16,196 | -24.90% |
| Total Comprehensive Income for the Year | 12,164 | 16,196 | -24.90% |
| EPS | 0.29 | 0.39 | -25.64% |
Company release on Earnings Report can be accessed here.
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