Eastland Insurance’s profit rises over 26pc

Eastland Insurance Company data constructive development in its web premium earnings and profit after tax for July-September, 2022.

Net profit stood at Tk 25.44 million within the third quarter after a 26.19 per cent enhance from the identical quarter final 12 months.

As a consequence, EPS rose to Tk 0.30 for Q3, 2022 from Tk 0.24 in the identical quarter final 12 months

The firm’s board of administrators on Saturday authorized unaudited monetary statements for the third quarter at a gathering chaired by Mahbubur Rahman, chairman of Eastland Insurance.

The directors-Ms Hameeda Rahman, Kamal Uddin Ahmed, Alhaj Mohd, Arshad Ali, ASM Quashem, Rizwan-ur Rahman, Ms Taslima Akhtar, and Sanjidur Rahman-attended the assembly.

According to the statements, EPS was Tk 1.10 for January-September, 2022, up from Tk 0.99 within the earlier 12 months.

For the Q3, 2022, Eastland Insurance Company reported a web premium earnings of Tk 276.14 million whereas it was Tk 251.27 million in 2021.

For January-September, 2022 the corporate’s web profit stood at Tk 92.27 million, elevated from Tk 83.24 million for a similar interval in 2021.

Eastland Insurance Company, presently an ‘A’ class firm, was listed with the inventory trade in 1994.

The firm’s sponsor-directors maintain 41.11 per cent shares, institutes 20.94 per cent and particular person shareholders 37.95 per cent as of September 30, 2022.

The inventory worth was Tk 25.40 on Thursday with none motion on the Dhaka Stock Exchange.

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