Pak-Qatar Takaful Group announces Profit after Tax of Rs120 million for FY18

MG News | April 16, 2019 at 05:07 PM GMT+05:00

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April 16, 2019: Pak-Qatar Takaful Group, which comprises of Pak-Qatar Family Takaful Limited and Pak-Qatar General Takaful Limited announced net profit after tax of Rs. 120 million for the year ended December 31, 2018 during the Group’s Board of Directors meetings.

It achieved an aggregate turnover of around Pak-Rs. 8.5 billion. The Group posted a net profit after tax of Pak-Rs. 120 million during the year ended 31-December-2018. Participant Takaful Fund generated the net consolidated surplus of Pak-Rs. 143 million.

Pak-Qatar Family Takaful Limited (PQFTL) has declared 5% cash dividend for its shareholders. Earlier, for the years 2016 and 2017, PQFTL had declared 5% stock dividend (bonus shares) each year for its shareholders. Pak-Qatar General Takaful Limited (PQGTL) has also declared 5% cash dividend for its shareholders for the first time

Chairman of Pak-Qatar Takaful Group, Sheikh Ali praised the Group’s performance during the year 2018 and hoped that 2019 would be another “excellent” year for the company achieving new heights in terms of revenues and profitability and that it would be able to further improve its services to international standards

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