Published :
Updated :
For all latest news, follow The Financial Express Google News channel.
General insurance companies -- Takaful Islami Insurance and Union Insurance Company - have declared 10 per cent cash dividends each for their investors for 2024.
While Takaful Islam Insurance showed a slight year-on-year decline in annual profit, Union Insurance secured a slight jump in its earnings.
The earnings per share (EPS) of Takaful fell to Tk 1.46 for 2024 from Tk 1.47 for the previous year, according to the price sensitive information published on Wednesday.
Despite a slight drop in profit, the insurer has declared the same dividend for 2024 as the previous year.
However, in the first quarter to March this year, earnings per share (EPS) of Takaful rose to Tk 0.46 from Tk 0.38 for the same period a year ago.
Meanwhile, the stock fell 1.26 per cent to Tk 31.30 per share on Wednesday on the Dhaka Stock Exchange.
Union Insurance
Union Insurance Company saw its EPS increase to Tk 1.87 for 2024 from Tk 1.81 for the year before, according to the latest earnings disclosure.
It also has declared the same dividend for 2024 as it did for the previous year.
In January-March this year, the insurer's EPS rose to Tk 0.67 from Tk 0.66 for the same period a year ago.
Meanwhile, the stock slid by 1.57 per cent to Tk 25 per share on Wednesday on the Dhaka Stock Exchange.
farhan.fardaus@gmail.com