Pioneer Ins profit falls in Apr-Jun

Pioneer Insurance Limited reported a 26.75 per cent year-on-year decline in profit in the second quarter of 2022. 

The earnings per share slipped to Tk 1.67 from April to June against Tk 2.28 during the same quarter of 2021, according to its unaudited financial statements.

In the first half of 2022, the EPS was Tk 3.70 compared to Tk 4.13 for January-June of 2021, a fall of 10 per cent.

The insurer's net operating cash flow, however, improved to Tk 3.41 from January to June, against Tk 3.12 during the same period of 2021.

Net asset value per share stood at Tk 52.91 on June 30 this year and Tk 48.66 on December
31 last year.