Paramount Insurance’s profit falls 38% in 2022

Paramount Insurance Company Ltd posted a 38 per cent year-on-year decline in profit to Tk 7.60 crore in 2022.

The profit stood at Tk 12.32 crore in 2021.

The insurer thus reported earnings per share of Tk 1.87 for the year that ended on December 31 against Tk 3.03 in 2021.

The net asset value per share of Paramount Insurance stood at Tk 25.81 in 2022 compared to Tk 25.25 in 2021 while the net operating cash flow per share slipped to Tk 3.16 from Tk 4.20 during the same period.

The board of directors recommended a 10 per cent cash dividend for the last financial year.

Paramount Insurance shares closed unchanged at Tk 38.40 on the Dhaka Stock Exchange yesterday.