Pakistan Reinsurance Company
Annual Results - December 2023
EPS: Rs 3.4 up 17% over last year. Rs 1/- per share cash dividend.
Auditors have expressed a qualified opinion on PAKRI Annual 2023 financials.
" an amount of Rs. 2,573.89 million (2022: Rs. 2,573.89 million) is receivable from Sindh Revenue Board (SRB) which was recovered by SRB against the sales tax liability on reinsurance services. The Company has recorded this amount as an asset, however the Company could not substantiate any control over the underlying asset..."
See the link below for details.
https://dps.psx.com.pk/download/document/228504.pdf
See the Profit and Loss for the Year Ended Dec-2023
In the last month, the market price almost doubled. It hit the upper limit several times and rose from Rs 8.1 to Rs 15.94. Now trading at around Rs 14.25.
See the price chart;