BGIC’s half-year profit falls the economy

by times news cr

2024-08-30 23:56:31

Published: 11:56, 29 August 2024

The Board of Directors of Bangladesh General Insurance Company (BGIC) Limited, listed in the insurance sector of the capital market, has released the unaudited financial report for the second quarter (April to June, 2024) and half-yearly quarter (January to June, 2024). According to the published report, the profit per share of the company has decreased in the half year.

BGIC’s half-year profit falls the economy

On Thursday (29 August) Dhaka and Chittagong Stock Exchange (DSE-CSE) said this information.

Earlier, the company’s board of directors meeting held on Wednesday (August 28) released after reviewing and approving the financial reports for the first and second quarters of the current financial year.

In the second quarter of the current financial year, the company’s earnings per share (EPS) stood at Tk 0.58. The profit per share was Rs 0.54 in the corresponding period of the previous financial year. Accordingly, the profit per share of the company increased by 0.04 taka or 7.41 percent.

Meanwhile, the company’s earnings per share (EPS) in the first two quarters of the current financial year has been Tk 1.22. The profit per share was Rs 1.27 in the corresponding period of the previous financial year. Accordingly, the profit per share of the company decreased by Tk 0.05 or 3.94 percent.

At the end of the second quarter ended June 30, 2024, the company’s net asset value per share (NAVPS) stood at Tk 20.17.

Dhaka/NT/Eva

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