Asia Insurance’s profit declines 36.5% in 2022

Asia Insurance Limited made a profit of Tk 9.84 crore in the financial year of 2022, down nearly 36.5 per cent year-on-year.

This compared to the Tk 15.49 crore profit the insurer made a year earlier.

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Thus, the company reported earnings per share of Tk 2.09 for 2022, down from Tk 3.29 a year earlier.

The net asset value per share rose to Tk 26.88 in the last financial year from Tk 26.57 in 2021 while the net operating cash flow per share slipped to Tk 4.73 from Tk 6.83 during the same period.

The board of directors of Asia Insurance has recommended an 11 per cent cash dividend for the year that ended on December 31, according to a filing on the Dhaka Stock Exchange.

Shares of the company closed unchanged at Tk 48.90 on the bourse yesterday.