Desh General Insurance’s profit up 11pc

Desh General Insurance Company posted an 11 per cent year-on-year rise in profit in 2020.  

In a regulatory filing on the website of the Dhaka Stock Exchange today, the company said it reported earnings per share of Tk 1.51 last year, against Tk 1.36 a year ago.  

This took the company's profit Tk 6.04 crore, compared to Tk 5.44 crore in 2019.

The net asset value per share rose to Tk 11.93 in comparison to Tk 11.62 in 2019. The net operating cash flows per share increased to Tk 2.08 from Tk 1.52.

The board recommended a 10 per cent cash dividend for the year. 

The insurer also published the unaudited financial statements for the first and the second quarters of 2021.

The earnings were Tk 0.28 in the April-June quarter, down from Tk 0.29 in the same period a year ago.

In the first quarter, it posted an EPS of Tk 0.44 compared to Tk 0.29 in the January to March period last year.