It is a broadly described annual report of Asia Insurance Limited in the year of 2016. During the financial year, a record 5.30% increase in gross premium which now amounts to 477.69 million Taka. A record Net Premium earning of 319.63 million Taka which is 3.72% higher than that of last year. Underwriting Profit stood at 64.46 million Taka in place of loss of 42.13 million Taka in 2015. Net profit before tax increased by 26.42% despite the decrease of Interest & others income by 7.66%. An increase in Earnings per Share (EPS) by 34.71%. Increase of total Asset by 6.79% from 1535.07 million Taka to 1646.82 million Taka.
The Board of Directors in its 121 meeting held on 6th April 2017 decided to recommend payment of @10% Cash dividend for the year 2016. 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 Asia Insurance Limited: