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.
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