IGI Holdings' bottom-line profits fall by 66%

Jun-18

Jun-17

% Change

Operating revenue

                    4,741,971

        5,205,545

-8.91%

Operating expenses

                  (4,208,462)

     (3,467,482)

21.37%

Other income

                        181,977

           360,798

-49.56%

General and administrative expenses

                     (157,714)

         (228,627)

-31.02%

Financial charges

                     (112,892)

           (80,635)

40.00%

Unrealized gain/(loss) on available for sale investments

                     (186,259)

         (142,475)

30.73%

Change in policyholders' liability

                        325,726

         (497,414)

(Surplus)/deficit taken to statutory fund

                          (2,511)

           (13,469)

-81.36%

Provision for impairment in value of investments - net

                                   -  

           (34,303)

Reversal of provision for bad and doubtful loans and advances/lease losses - specific - net

                            9,567

                7,448

28.45%

Profit from window takaful operations

                            7,138

                       -  

Share of profit from associates

                        348,966

           848,012

-58.85%

Profit before taxation

                        947,507

        1,957,398

-51.59%

Taxation

                     (379,990)

         (278,022)

36.68%

Profit after taxation

                        567,517

        1,679,376

-66.21%

Basic and diluted earnings per share (Rupees)

                               4.59

                13.69

-66.47%