Corporate Corner: Jubilee reports profit of Rs808m
Recorded an increase of 20%, as against Rs674 million in the corresponding period of last year
KARACHI:
Jubilee Life Insurance Company Limited announced impressive financial results for the first half of 2016, declaring an interim cash dividend of 30% (Rs3/share). The results were declared by the Board of Directors who met under the chairmanship of Kamal A Chinoy to review the half yearly performance of the company. The company reported a pre-tax profit of Rs1,289 million for the first half of 2016, which is 19% higher than the pre-tax profit of Rs1,086 million for the corresponding period last year, whilst the profit after-tax aggregating to Rs808 million recorded an increase of 20%, as against Rs674 million in the corresponding period of last year.
Published in The Express Tribune, September 4th, 2016.
Jubilee Life Insurance Company Limited announced impressive financial results for the first half of 2016, declaring an interim cash dividend of 30% (Rs3/share). The results were declared by the Board of Directors who met under the chairmanship of Kamal A Chinoy to review the half yearly performance of the company. The company reported a pre-tax profit of Rs1,289 million for the first half of 2016, which is 19% higher than the pre-tax profit of Rs1,086 million for the corresponding period last year, whilst the profit after-tax aggregating to Rs808 million recorded an increase of 20%, as against Rs674 million in the corresponding period of last year.
Published in The Express Tribune, September 4th, 2016.