Karachi: EFU Life Assurance Ltd. has announced a second interim cash dividend of Rs. 1.5 per share, equating to 15%, following its board meeting on August 22, 2024, where the Condensed Interim Second Quarter Accounts were approved.

The dividend, distributed for the period ending June 30, 2024, marks a continuation of the company's shareholder remuneration policy, matching the earlier interim dividend rate. According to information available from the Pakistan Stock Exchange (PSX), this decision reflects the company’s stable financial performance amid the fiscal year.

The board meeting, which took place in Karachi, also entailed a closure of the Share Transfer Book from September 5, 2024, to September 5, 2024, with transfers received at the close of business on September 4 being eligible for the dividend.

Details from the Condensed Interim Profit and Loss Accounts and Statement of Comprehensive Income reveal a robust financial stance with significant earnings per share and comprehensive income gains. The report highlighted a profit after tax of Rs. 1,555.495 million for the six months ended June 30, 2024, an increase from the prior year.

EFU Life Assurance's adherence to regulatory standards and commitment to shareholder value are evidenced by their timely reporting and consistent dividend payouts, contributing to their reputation as a stable entity in the financial sector.