Express Insurance profit drops 38% in March quarter

Express Insurance has posted a 38 per cent lower profit to Tk 2.6 crore in the January–March quarter of the year 2023 on a year-on-year basis.

The general insurer had made a profit of Tk 4.2 crore in the March quarter last year.

Meanwhile, the company on Tuesday announced a 7 per cent cash dividend to its shareholders for the year ending in December 2022, said a disclosure filed with the Dhaka Stock Exchange (DSE).

The insurer’s earnings per share (EPS) for the January–March quarter 2023 stood at Tk 0.40, down from Tk 0.65 reported for the same quarter last year.

Its EPS for 2022 was Tk 1.33, which was Tk 1.86 for 2021.