8. Profits of insurance companies increased during the half year – 2024-08-01 19:28:57

by times news cr

2024-08-01 19:28:57

The Board of Directors of 8 companies listed in the insurance sector in the capital market have released unaudited financial reports for the second quarter (April-June, 2024) and half-yearly (January-June, 2024) of the current financial year. According to the published report, the profit per share of the companies has increased in the half-yearly quarter.

The insurance companies are – Sikdar Insurance Company Limited, Bangladesh National Insurance Limited, City General Insurance Limited, Eastern Insurance Company Limited, Asia Pacific General Insurance Company Limited, United Insurance Company Limited, Puravi General Insurance Company Limited and People’s Insurance Company Limited.

On Thursday (August 1), Dhaka and Chittagong Stock Exchange (DSE) informed this information.

Sikdar Insurance: The consolidated earnings per share (EPS) of the company in the second quarter of the current financial year was Rs.0.22. Profit per share was Rs 0.25 in the corresponding period of the previous financial year. In the first two quarters of the financial year, the EPS of the bank has been Tk 0.44 in 6 months. EPS was Rs 0.43 in the corresponding period of the previous financial year. As on June 30, 2024, the bank’s consolidated net asset value per share (NAVPS) stood at Tk 21.15.

Bangladesh National Insurance: The consolidated earnings per share (EPS) of the company in the second quarter of the current financial year was Tk 1.07. The profit per share was Rs 0.99 in the same period of the previous financial year. In the first two quarters of the accounting year, the EPS of the bank has been Tk 1.88 in 6 months. In the corresponding period of the previous financial year, EPS was Rs.1.74. As on June 30, 2024, the bank’s consolidated net asset value per share (NAVPS) stood at Tk 28.16.

City General Insurance: The consolidated earnings per share (EPS) of the company for the second quarter of the current financial year was Rs.0.89. The profit per share was Rs 0.81 in the same period of the previous financial year. In the first two quarters of the accounting year, the EPS of the bank has been Tk 1.74 in 6 months. EPS in the same period of the previous financial year was Rs.1.35. As on June 30, 2024, the bank’s consolidated net asset value per share (NAVPS) stood at Tk 21.06.

Eastern Insurance: The company’s consolidated earnings per share (EPS) for the second quarter of the current financial year stood at Rs 1.18. The profit per share was Rs 0.59 in the corresponding period of the previous financial year. In the first two quarters of the accounting year, the EPS of the bank has been Tk 1.70 in 6 months. EPS in the same period of the previous financial year was Rs.1.30. As on June 30, 2024, the bank’s consolidated net asset value per share (NAVPS) stood at Tk 53.83.

Asia Pacific General Insurance: The company’s consolidated earnings per share (EPS) for the second quarter of the current financial year stood at Tk 0.92. The profit per share was Rs.0.89 in the same period of the previous financial year. In the first two quarters of the accounting year, the EPS of the bank has been Tk 2.13 in 6 months. EPS was Rs 2.04 in the corresponding period of the previous financial year. As on June 30, 2024, the bank’s consolidated net asset value per share (NAVPS) stood at Tk 24.03.

United Insurance: The company’s earnings per share (EPS) for the second quarter of the current financial year has been Tk 0.73. The profit per share was Rs 0.81 in the corresponding period of the previous financial year. In the first two quarters of the accounting year, the EPS of the bank has been Tk 1.10 in 6 months. EPS was Rs 1.03 in the corresponding period of the previous financial year. As on June 30, 2024, the bank’s consolidated net asset value per share (NAVPS) stood at Tk 26.85.

Purvi General Insurance: The company’s earnings per share (EPS) for the second quarter of the current financial year was Tk 0.48. The profit per share was Rs 0.17 in the same period of the previous financial year. In the first two quarters of the accounting year, i.e. in 6 months, the EPS of the bank has been Tk 0.90. EPS was Rs 0.46 in the corresponding period of the previous financial year. As on June 30, 2024, the bank’s consolidated net asset value per share (NAVPS) stood at Tk 14.50.

People’s Insurance: The bank’s consolidated earnings per share (EPS) for the second quarter of the current financial year was Tk 0.58. The profit per share was Rs 0.59 in the same period of the previous financial year. In the first two quarters of the accounting year, the EPS of the bank has been Tk 1.12 in 6 months. In the corresponding period of the previous financial year, EPS was Rs.1.11. As on June 30, 2024, the bank’s consolidated net asset value per share (NAVPS) stood at Tk 34.08.

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