Pragati Ins makes Tk 37cr profit

Pragati Insurance Ltd clocked a profit of Tk 37.06 crore in 2022, down 1.22 per cent from a year earlier.

The insurer made a profit of Tk 37.52 crore in 2021.

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Thus, the company reported earnings per share of Tk 5.65 for the last financial year compared to Tk 5.72 in 2021.

The net asset value per share of Pragati Insurance rose to Tk 59.01 in 2022 from Tk 57.32 a year ago while the net operating cash flow per share declined to Tk 6.84 from Tk 12.09 during the period.

Pragati Insurance's board of directors has recommended a 25 per cent cash and a 5 per cent stock dividend for the year that ended on December 31.

Shares of the company fell 0.66 per cent to Tk 60.30 on the Dhaka Stock Exchange yesterday.