Republic Insurance’s half-year profit falls

by times news cr

2024-08-28 02:18:31

Published: 10:01, 27 August 2024

The Board of Directors of Republic Insurance Company 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 published reports, the company’s earnings per share have declined.

Republic Insurance’s half-year profit falls

On Tuesday (August 27), Dhaka and Chittagong Stock Exchange (DSE-CSE) informed this information.

Earlier, the company’s board of directors meeting held on Sunday (August 25) released after reviewing and approving the financial report 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 0.63. The profit per share was Rs 0.64 in the corresponding period of the previous financial year. Accordingly, the profit per share of the company decreased by Tk 0.01 or 1.56 percent.

The company’s earnings per share (EPS) in the first two quarters of the accounting year, i.e. in 6 months, was Tk 1.19. The profit per share was Rs 1.23 in the corresponding period of the previous financial year. Accordingly, the profit per share of the company decreased by Tk 0.04 or 3.25 percent.

At the end of the second quarter ended June 30, 2024, the company’s net asset value per share (NAVPS) stood at Tk 18.41.

Dhaka/NT/Eva

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