It is a broadly described annual report of Prime Insurance Company Limited in the year of 2011. Prime Insurance Company Limited has positive net current assets of Taka. 706.07 million as on 31st December 2011. In this year Net Assets Value of the company is Tk. 406.09 million as against Tk. 329.93 million in 2010. In 2011 Company’s total investment has stood at Tk. 431.31 million. The Company’s operating income has increased by Tk. 20.79 million i.e. 409.28 percent in 2011 over last year. In 2011 the company has earned a gross premium of Tk. 305.50 million while it was Tk. 200.10 million in 2010. The company earned a net profit before tax of Tk. 60.82 million in 2011 while it was Tk. 92.73 million in 2010 registering a decrease of 34.41%. The company earned a net profit after tax of Tk. 50.82 million in 2011 while it was Tk. 83.24 million in 2010 registering a decrease of 38.95%. The weighted average earnings per share stood at Tk. 1.90 (after tax) and return on average equity stood at 19.00% during 2011.
The Board of Directors has recommended @ 10% stock dividend for the year ended 31st December 2011. These financial statements are presented in Bangladesh Taka (Taka/Tk/BDT) which is the company’s functional currency. All financial information presented in Taka has been rounded off to the nearest Taka.
More Annual Report of Prime Insurance Company Limited:
- Annual Report 2010 of Prime Insurance Company Limited
- Annual Report 2011 of Prime Insurance Company Limited
- Annual Report 2012 of Prime Insurance Company Limited
- Annual Report 2013 of Prime Insurance Company Limited
- Annual Report 2014 of Prime Insurance Company Limited
- Annual Report 2015 of Prime Insurance Company Limited
- Annual Report 2016 of Prime Insurance Company Limited
