Eastland Insurance makes higher profit in January-March

Eastland Insurance Company Ltd made a Tk 3.1 crore profit in the first quarter of the current financial year, up about 5.5 per cent compared to a year earlier.

The insurer reported a Tk 2.94 crore profit in the identical January-March quarter in 2022.

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Thus, the earnings per share rose to Tk 0.37 in January-March from Tk 0.35 in the same period of 2022, according to the unaudited financial statements.

The net operating cash flow per share improved to Tk 0.16 in January-March of 2023 against Tk 0.14 a year ago.

The net asset value per share stood at Tk 21.56 on March 31 this year, up from Tk 21.19 on the same day last year.