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Karachi, July 24, 2013 (PPI-OT): We have to inform you that the Board of Directors of our Company in their meeting held at Karachi on Wednesday July 24th 2013 have reviewed and. approved the Condensed Interim 2nd Quarter Accounts (un-audited) for six months period ended June 30, 2013 and declare the Interim Cash Dividend for the year 2013 at Rs. 1.50 per share i.e. 15 %.
The Share Transfer Book of the Company will be closed from 13-08-2013 to 20-08-2013 (both days inclusive). Transfers received at the office of the Company’s Share Registrar, M/S Technology Trade (Pvt.) Ltd, Dagia House 241-C Block 2, P.E.C.H.S off Shahrah-e-Quaideen Karachi at the close of the business on 12-08-2013 will be treated in time for the purpose of above entitlement to the transferees.
A copy of the Condensed Interim Profit and Loss Accounts for six months ended June 30, 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 Six Months Period Ended 30 June 2013
(Rupees in ‘000)
Six months period ended Three months period ended
30 June 30 June
2013 2012 2013 2012
Revenue
Premium net of reinsurance 6,174,596 6,375,939 3,323,960 2,921,397
Investment income and other income 2,893,015 2,422,060 1,797,004 630,434
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9,067,611 7,797,999 5,120,964 3,551,831
Expenses
Claims including movement in policy
holders’ liability 6,670,811 5,622,744 3,835,830 2,362,330
Management Expenses 1,912,595 1,629,449 1,055,413 918,272
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8,583,406 7,252,193 4,891,243 3,280,602
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Surplus available in Revenue account 484,205 545,806 229,721 271,229
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Surplus transferred to Profit and Loss account 472,759 503,647 225,037 228,967
Profit and Loss account before appropriation of surplus
to shareholders' fund 43,653 171,029 15,724 (52,218)
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Profit before tax 516,412 674,676 240,761 176,749
Taxation (170,207) (229,450) (78,207) (59,450)
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Profit after tax 346,205 445,226 162,554 117,299
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(Restated) (Restated)
Earnings per share basic and diluted Rupees 3.46 4.45 1.63 1.17
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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