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Paramount Insurance Company has registered a 35 per cent fall in its earnings for the year ended on December 31, 2021.
Despite the poor business, the listed insurer announced a 10 per cent cash dividend for its shareholders for the year, it said in a news filing with the Dhaka Stock Exchange on Tuesday.
It had disbursed a 20 per cent stock dividend in the previous year.
According to its financial disclosure, the EPS (earnings per share) of Paramount Textile fell to Tk 3.03 in 2021, from Tk 4.48 recorded in the previous year.
However, its net Asset value (NAV) increased 14 per cent to Tk 25.25 in the year, against Tk 22.18 of the previous year. The insurance company will hold an annual general meeting (AGM) virtually on June 25 while the record date was set on April 28.
At the Dhaka bourse, Paramount Textile Share declined 3.7 per cent to Tk 59 on Tuesday.
The company holds Tk 255 crore in market capitalization while its paid-up capital is Tk 40.66 crore and surplus reserve Tk 49.55 crore.
