Global Insurance’s profit slightly up in 2022

Global Insurance Company Ltd made a Tk 6.61 crore profit in the financial year that ended on December 31, 2022.

The profit was up 0.60 per cent from Tk 6.57 crore in 2021. Thus, the insurer reported consolidated earnings per share of Tk 1.63 for 2022, which was Tk 1.62 a year earlier.

The consolidated net asset value per share rose to Tk 13.80 from Tk 13.37 while the consolidated net operating cash flow per share slipped to Tk 4.09 from Tk 6.79 during the period.

Global Insurance's board recommended a 12.25 per cent cash dividend for 2022, according to a filing on the Dhaka Stock Exchange.

Shares of the company were down 6.35 per cent at Tk 39.80 on the premier bourse of the country yesterday.