Karnaphuli Ins sees drop in profit, dividend

Karnaphuli Insurance Company logged lower profits and declared lower dividends for its shareholders for the year ended on December 31, 2022.

The insurer declared 10 per cent cash dividend for the year, down from the previous year's 12 per cent.

Its profits dropped over 21 per cent year-on-year to Tk 8.34 crore in 2022, according to the company's disclosure posted on the website of the Dhaka Stock Exchange (DSE).

The insurance company's earnings per share stood at Tk 1.86 in 2022, which was Tk 2.37 the previous year. The company's net asset value per share was Tk 20.72 on December 31 of 2022.