Jubilee General Life Insurance profit for 9MFY17 rises 25.6% to Rs. 1608.48 million

MG News | October 27, 2017 at 12:20 PM GMT+05:00

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Jubilee General Life Insurance ltd. revenue for the period decreased by 14.23%, amounting to a total of 28128.83 million Rupees during the nine months ended September, 30^th 2017
Company’s expenses for the period decreased by 17% to 25326.55 million
The Profit after tax for the period increased 25.6% reaching 1608.48 million against last year quarterly profits of Rs. 1280.69 million
The company’s basic earnings per share reached rupees 20.28 against 16.14 rupees in 2016

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 Million
Revenue	28,128.83	32,794.07	-14.23%
Premium revenues net of reinsurance	(31,656.55)	24,800.58
Investment income and other income	3,527.72	7,993.49	-55.87%
Expenses	25,326.55	30,497.83	-16.96%
claims net of reinsurance	17,682.52	24,369.49	-27.44%
Management expenses	7,644.03	6,128.34	24.73%
surplus before tax in Revenue	2,802.28	2,296.24	22.04%
Profit before tax as per P&L account	2,484.67	1,971.61	26.02%
Income Tax	876.19	690.92	26.81%
Profit after tax as per P&L account	1,608.48	1,280.69	25.59%
EPS - basic and diluted	20.28	16.14	25.65%

Company release on Earnings Report can be accessed here.

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	60,455.00	60,455.00 59,790.00	460.00 0.77%
BRENT CRUDE	73.08	75.13 71.38	-2.18 -2.90%
RICHARDS BAY COAL MONTHLY	115.00	0.00 0.00	1.65 1.46%
ROTTERDAM COAL MONTHLY	126.25	0.00 0.00	0.15 0.12%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	70.24	71.86 68.56	-1.68 -2.34%
SUGAR #11 WORLD	14.55	14.68 14.02	0.45 3.19%