Pak-Qatar Takaful Group Posts PKR 225 Million PBT

Pak-Qatar Takaful Group, which comprises of Pak-Qatar Family Takaful Limited and Pak-Qatar General Takaful Limited, reviewed and approved the financial statements of both the Companies for the year ended December 31, 2020 during the Board meeting recently. Pak-Qatar Takaful is Pakistan’s Pioneer and largest Takaful Group operating for more than a decade with the largest Takaful branch network nationwide.

Pak-Qatar Takaful Group achieved an aggregate turnover of around PKR 8.56 Billion. The Group posted a net profit after tax of PKR 182.6 Million for the year 2020. Participant Takaful Fund generated the net consolidated surplus of PKR 113 Million.

Profit before tax of Pak-Qatar Family Takaful Limited (PQFTL) increased to PKR 208.1 Million as compared to PKR 84.1 Million last year, a growth of 147% despite all challenges (economic and political) and the global pandemic caused by COVID-19. The company has increased its balance sheet footing through impressive growth in its investments and financing portfolio. Pak-Qatar General Takaful Limited (PQGTL) posted the profit after tax of PKR 19 Million.

Earnings per share (EPS) of Pak-Qatar Family Takaful Limited was recorded at PKR 1.25 while PKR 0.37 for Pak-Qatar General Takaful Limited. Pak-Qatar Family Takaful Limited (PQFTL) has declared 7.5% dividend for its shareholders.

The Board appreciated the management for their efforts despite Pandemic on the impressive results of the Group.

Press has been published in following dailies;

Dawn

https://www.dawn.com/news/1624563/pak-qatar-takaful-earns-rs182m

Business Recorder

https://epaper.brecorder.com/2021/05/20/5-page/886637-news.html

The Nation

https://nation.com.pk/20-May-2021/pak-qatar-takaful-posts-rs182-6m-net-profit

Pakistan Today

City News

Daily Spokesman

Statesman