Reliance Insurance Ltd registered a 24.2 per cent year-on-year rise in profit to Tk 16.72 crore in the first quarter of the current financial year.

The profit stood at Tk 13.46 crore in the same period of 2022, according to a post on the Dhaka Stock Exchange.

The insurer, thus, reported consolidated earnings per share of Tk 1.59 for January-March of 2023, which was Tk 1.28 in the first quarter of 2022.

The consolidated net operating cash flow per share jumped to Tk 4.23 from Tk 1.28.

The earnings per share and the net operating cash flow per share rose due to an increase in premium income, said the post.

The consolidated net asset value per share slipped to Tk 63.24 on March 31 this year from Tk 64.15 on December 31 last year.