Pak-Qatar Takaful Group, which includes of Pak-Qatar Household Takaful Restricted and Pak-Qatar Normal Takaful Restricted, reviewed and accepted the monetary statements of each the Corporations for the 12 months ended December 31, 2020, throughout the Board assembly lately.
The group achieved an combination turnover of round Rs. 8.56 billion. It posted a web revenue after tax of Rs. 182.6 million for the 12 months 2020, with revenue earlier than tax amounting to Rs. 225 million.
Participant Takaful Fund generated the web consolidated surplus of Rs. 113 million.
Revenue earlier than tax of Pak-Qatar Household Takaful Restricted (PQFTL) elevated to Rs. 208.1 million as in comparison with Rs. 84.1 million final 12 months, a progress of 147 % regardless of all challenges (financial and political) and the worldwide pandemic attributable to COVID-19.
The corporate has elevated its steadiness sheet footing by means of spectacular progress in its investments and financing portfolio. Pak-Qatar Normal Takaful Restricted (PQGTL) posted a revenue after tax of Rs. 19 million.
Earnings per share (EPS) of Pak-Qatar Household Takaful Restricted was recorded at Rs. 1.25 whereas Rs. 0.37 for Pak-Qatar Normal Takaful Restricted. Pak-Qatar Household Takaful Restricted (PQFTL) has declared a 7.5 % dividend for its shareholders.
The Board appreciated the administration for his or her efforts, regardless of the pandemic, on the spectacular outcomes of the Group.