Agrani Insurance posts over 20% higher profit

Agrani Insurance Co Ltd posted a 20.68 per cent year-on-year increase in profit to Tk 1.11 crore in the second quarter of 2023.   

The profit stood at Tk 92.09 lakh in the identical April-June quarter of 2022.

Thus, the consolidated earnings per share rose to Tk 0.35 in April-June of 2023 from Tk 0.29 in the same quarter of 2022.

The profit rose to Tk 2.76 crore in the January-June half of the current financial year from Tk 2.29 crore in the same period a year ago, an increase of 20.5 per cent year-on-year.  So, the consolidated EPS grew to Tk 0.87 from Tk 0.72 during the period.

The consolidated net operating cash flow per share was Tk 0.78 in January-June against a negative Tk 0.02 in the same half of 2022.

The consolidated NOCFPS increased due to a decrease in expenses and an increase in total revenue, said the insurer in a filing on the Dhaka Stock Exchange.

The consolidated net asset value per share rose to Tk 20.98 on June 30 this year from Tk 20.17 on December 31 last year. Shares of Agrani Insurance rose 2.58 per cent to Tk 43.80 yesterday.