Islami Commercial Ins posts higher profit in Jul-Sep
Islami Commercial Insurance Company Limited's profit rose more than 11 per cent year-on-year in the July-September quarter of the current financial year.
The insurer posted a profit after tax of Tk 1.76 crore in the quarter against Tk 1.58 crore a year earlier, according to the un-audited financial statements.
The basic earnings per share were Tk 0.58 in the three months to September, up from Tk 0.52 during the same period a year earlier.
However, the post-IPO (initial public offering) basic EPS for July-September of 2022 would be Tk 0.35, according to a filing on the Dhaka Stock Exchange.
The profit-after-tax was Tk 3.19 crore in January-September of 2022. It was Tk 2.63 crore during the same period last year.
The basic EPS was Tk 1.05 in the nine months to September against Tk 0.86 in the identical period of 2021. The post-IPO EPS would be Tk 0.63 in the January-September period this year.
The pre-IPO net asset value per share, considering the pre-IPO paid-up shares, was Tk 19.69 on September 30 and it was Tk 15.81 considering the post-IPO paid-up shares.
Islami Commercial Insurance made its debut on the DSE and the Chittagong Stock Exchange on Wednesday. Shares of the company rose 9.92 per cent to Tk 13.30 on the DSE yesterday.
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