Reliance Insurance Ltd, one of Bangladesh’s leading insurers, has seen a 24.2% year-on-year rise in profit in the first quarter of the current financial year, reaching Tk 16.72 crore. The insurer reported consolidated earnings per share of Tk 1.59 for January-March of 2023, which was Tk 1.28 in the first quarter of 2022. The company’s earnings per share and net operating cash flow per share increased due to an increase in premium income. The consolidated net asset value per share slipped to Tk 63.24 on March 31 this year from Tk 64.15 on December 31 last year.
Reliance Insurance records 24.2% YoY profit growth
Industry: Financial, Insurance
Company: Reliance Insurance Limited
Company Intelligence Tag: Business Insights
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