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

MG News | August 30, 2017 at 11:43 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

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.

Related News

SECP suspends proposed acquisition of Al Shaheer corporation

Supernet fixes August 19 launch for 85% right share trading

MCB Bank sees policy rate hold through CY26, plans 40 branches by year end

Name	Price/Vol	%Chg/NChg
KSE100	180,104.61 388.90M	-0.11% -206.60
ALLSHR	108,838.05 888.10M	-0.14% -150.10
KSE30	53,603.57 82.09M	-0.20% -109.40
KMI30	252,988.26 112.53M	-0.14% -356.16
KMIALLSHR	69,789.36 622.55M	0.02% 11.95
BKTi	51,939.19 21.86M	-0.35% -181.79
OGTi	35,691.88 10.10M	0.01% 3.44

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	63,165.00	63,340.00 62,700.00	190.00 0.30%
BRENT CRUDE	88.89	88.99 88.01	0.37 0.42%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-0.45 -0.41%
ROTTERDAM COAL MONTHLY	122.30	0.00 0.00	0.40 0.33%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	82.55	82.73 81.72	0.15 0.18%
SUGAR #11 WORLD	16.60	0.00 0.00	0.00 0.00%