Agrani Insurance’s profit climbs 18%

Agrani Insurance Company Ltd posted more than 18 per cent year-on-year increase in profit to Tk 6.32 crore in the financial year that ended on December 31.

The profit stood at Tk 5.34 crore in 2021.

The insurer reported consolidated earnings per share of Tk 1.99 for 2022 against Tk 1.68 in 2021.

The consolidated net asset value per share improved to Tk 20.17 from Tk 19.84 but the consolidated net operating cash flow per share plummeted to Tk 0.54 from Tk 1.37.

The board of directors has recommended an 8 per cent cash and a 7 per cent stock dividend for 2022.

Shares of Agrani Insurance surged 11.80 per cent to Tk 37.90 on the Dhaka Stock Exchange yesterday.