The EFU General Insurance Limited has posted Rs 192.874 million as profit after tax in the half year period ended June 30, 2011 as compared to after tax loss of Rs 708.441 million recorded in the corresponding period in 2010. The board of directors of the company in its meeting held here on Saturday, August 27, 2011 declared that the company's earning per share stood at Rs 1.54 in the period under review against per share loss of Rs 5.67 witnessed in the same period last year.
According to the financial results sent to Karachi Stock Exchange, the company's net premium revenue increased to Rs 2.934 billon in the half-year period in 2011 against Rs 2.846 billion in the same period in 2010. The net claims reduced to Rs 1.735 billion against Rs 1.929 billion. The company posted Rs 321.971 million as profit before taxation in the half year period in 2011 against before tax loss of Rs 694.665 million recorded in the same period in 2010.