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Desh General Insurance earnings soar 6.9% in Q2

Staff Correspondent
13 Jul 2022 00:05:19 | Update: 13 Jul 2022 00:05:19
Desh General Insurance earnings soar 6.9% in Q2

Desh General Insurance Company Limited has posted a 6.9 per cent rise in its earnings for the second quarter in financial year 2021-22.

Its earnings per share (EPS) rose to Tk 0.31 in April-June period from Tk 0.29 recorded in the same period a year ago, the company said in a news filing with the Dhaka Stock Exchange (DSE) on Tuesday.

Its consolidated net operating cash flow per share (NOCFPS) was Tk 0.26 from January-June 2022. It was positive Tk 0.22 in the same period of the previous year.

Its net asset value (NAV) per share was Tk 12.15 as on June 30, 2022 and Tk 11.87 as on June 30, 2021.

The financial disclosure impacted Desh General Insurance shares negatively on the Dhaka bourse as its share price fell 0.33 per cent to Tk 30.30 on Tuesday. The price moved between Tk 27.60 and Tk 52.90 throughout the last one year.

The company has Tk 121.6 crore market capitalization, Tk 40 crore paid-up capital and Tk 46.2 crore in surplus reserve.

Desh General Insurance Company Limited got listed with the capital market in 2021.

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