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Karachi, April 29, 2013 (PPI-OT): We have to inform you that the Board of Directors of our Company in their meeting held at Karachi on Monday April 29, 2013 have reviewed and approved the Condensed Interim 1st Quarter Accounts (Un-audited) for three months period ended March 31, 2013.
A copy of the Condensed Interim Profit and Loss Accounts for three months ended March 31, 2013 is enclosed.
We will be sending you 300 copies of printed accounts for distribution amongst the members of the Exchange in due course of time, besides placing the said Accounts on our website www.efulife.com in accordance with the approval of the Securities and Exchange Commission of Pakistan.
Profit and Loss Account for the Three Months Period Ended 31 March 2013
Rupees in '000
Aggregate 31 March
2013 2012
Revenue
Premium net of reinsurance 2,850,636 2,454,542
Investment income and other income 1,096,011 1,791,626
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3,946,647 4,246,168
Expense
Claims including in policy holders'
liability 2,834,981 3,260,414
Management Expenses 857,182 711,137
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3,692,163 3,971,591
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Surplus available in Revenue account 254,484 274,577
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Surplus transferred to Profit and loss account 247,722 274,680
Profit and Loss account before appropriation of surplus
to shareholders fund 27,929 223,247
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Profit before tax 275,651 497,927
Taxation (92,000) (170,000)
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Profit after tax 183,851 327,927
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Earning per share-basic and diluted Rupees 2.16 3.86
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For more information, contact:
S. Shahid Abbas
Corporate Secretary
EFU Life Assurance Limited
37-K, Block 6, PECHS
Karachi-75400
Tel: (021) 111-EFU-111 (111-338-111)
Fax: (021) 453-751 9 and 453-5079
Website: www.efulife.com
E-mail: info@efulife.com