EFU General Insurance Profit for 9MFY18 rises 8.03% to Rs. 1.86 billion

By MG News | October 30, 2017 at 12:19 PM GMT+05:00

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EFU General Insurance Underwriting Result for the period increased by 0.80%, amounting to a total of 1.5 billion Rupees during the nine months ended September, 30^th 2017
Company’s General and Administration Expenses decreased by 49.09% for the nine months to reach 88.87 million
The Profit after tax for the period increased 8.03% reaching 1.86 billion compared to profit of 1.724 billion rupees during the same period last year
The company’s earnings per share reached 9.31 rupees per share from last year’s 9M EPS of 8.62 per share
Company declared a cash dividend of Rs. 1.25 per share at a rate of 12.5%

Comparison of Key Financials
Unconsolidated Profit and Loss Account - For the Nine Months Ended, September 30^th 2017
Key Financials	2017	2016	% Change
	Amounts in PKR ‘000
Net premium revenue	5,984,229	5,647,654	5.96%
Net claims	2,296,697	2,146,717	6.99%
Management expenses	1,752,662	1,614,325	8.57%
Net commission	430,633	394,377	9.19%
Underwriting results	1,504,237	1,492,235	0.80%
Investment income	591,872	815,826	-27.45%
Rental income	106,380	104,125	2.17%
Profit on deposits	63,480	47,755	32.93%
General and Admin Expenses	88,874	176,839	-49.74%
Profit/(loss) before Tax from Takaful operations	27,061	197	13636.55%
Profit before Tax	2,746,686	2,761,911	-0.55%
Taxation	883,787	1,037,411	-14.81%
Profit after Tax	1,862,899	1,724,500	8.03%
EPS - basic and diluted	9.31	8.62	8.00%

Company release on Earnings Report can be accessed here.

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	109,645.00	110,525.00 109,125.00	-770.00 -0.70%
BRENT CRUDE	68.09	68.89 67.75	-0.71 -1.03%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	0.75 0.78%
ROTTERDAM COAL MONTHLY	108.45	0.00 0.00	0.25 0.23%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	66.35	67.18 66.04	-0.65 -0.97%
SUGAR #11 WORLD	16.37	16.40 15.44	0.79 5.07%