It is a broadly described annual report of Nitol Insurance Company Limited in the year of 2013. During the year 2013, the Company earned a premium of Taka. 425,993,247 in compared to Taka. 294,617,735 of 2012. The Underwriting Profit of the company stood at Tk. 75,547,960 for the year 2013. In 2012 Underwriting Profit was Tk. 53,609,376 Company’s Profit before Tax is fixed at Tk. 97,625,892 in 2013 as against Tk. 72,671,727 in 2012. In the year 2013 Company’s Net Profit after Tax stood at Tk. 77,243,068 which calculates earnings per share Tk. 3.57 (@Tk. 10 per share) as compared to Tk. 2.75 (@Tk. 10 per share) on Tk. 56,061,339 in the previous year 2012.
The Board of Directors of the company after making necessary reserves and provisions as mentioned in the Appropriation of Profit proposes and recommends for the declaration of @12% Stock Dividend & @5% Cash Dividend for all shareholders for the year 2013. 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.
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