Meghna Insurance’s profit jumps 40%

Meghna Insurance Company Limited registered a 40 per cent year-on-year higher profit of Tk 5.28 crore in the financial year that ended on December 31.

The company made Tk 3.76 crore profit in 2021, according to a disclosure on the website of the Dhaka Stock Exchange.

Thus, it posted earnings per share of Tk 1.32 for 2022 against Tk 0.94 in the previous year.

Meghna Insurance said its EPS increased thanks to the injection of the initial public offering amount, the increase in premium incomes and non-operating incomes, and the decrease in financial costs.

The net asset value per share decreased to Tk 17.21 from Tk 17.88 while the net operating cash flow per share plummeted to Tk 1.33 negative from Tk 6.13 a year back.

The company's board of directors recommended a 10 per cent cash dividend for the last financial year.