Desh General Insurance’s half-year profit falls

by times news cr

2024-08-24 12:34:58

Published: 12:45, 22 August 2024

The Board of Directors of Desh General Insurance Limited, a listed insurance company in 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 published reports, the company’s earnings per share have declined.

Desh General Insurance’s half-year profit falls

On Thursday (August 22), this information was revealed by Dhaka and Chittagong Stock Exchange (DSE-CSE).

The financial report of the first and second quarter of the current financial year was published after reviewing and approving it in the meeting of the company’s board of directors held earlier on Wednesday (August 21).

The company’s earnings per share (EPS) in the second quarter of the current financial year of the company has been Tk 0.30. The profit per share was Rs 0.34 in the corresponding period of the previous financial year. Accordingly, the profit per share of the company decreased by 0.04 taka or 12 percent.

Meanwhile, the company’s earnings per share (EPS) for the first two quarters of the current financial year, i.e. 6 months, was Tk 0.54. The profit per share was Rs 0.70 in the corresponding period of the previous financial year. Accordingly, the profit per share of the company decreased by 0.16 taka or 23 percent.

At the end of the second quarter ended June 30, 2024, the company’s net asset value per share (NAVPS) stood at Tk 12.44.

/nt/sb/

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