March 29, 2024

EFU General Investment income increased

EFU General Insurance announced its financial result for the first six months of 2013, according to which, its after-tax profit decreased 28% to Rs585.8 million compared to last year’s corresponding period.However, the after-tax profit for three months ended June 30 increased to Rs357.5 million after recording a rise of 65.8% over the similar period in 2012.The rise in the three-month after-tax profit is because of a phenomenal increase in the company’s investment income, which surged from Rs5.1 million to Rs237.7 million on a year-on-year basis.

EFU General Insurance announced its financial result for the first six months of 2013, according to which, its after-tax profit decreased 28% to Rs585.8 EFU-generalmillion compared to last year’s corresponding period.However, the after-tax profit for three months ended June 30 increased to Rs357.5 million after recording a rise of 65.8% over the similar period in 2012.The rise in the three-month after-tax profit is because of a phenomenal increase in the company’s investment income, which surged from Rs5.1 million to Rs237.7 million on a year-on-year basis.

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