** People rescuing an injured passenger from inside a passenger bus hit by a truck on Dhaka-Mawa Expressway in Shologhar area of Shreenagar upazila in Munshiganj on Thursday. ** Motorcycles allowed on Padma Bridge after 10 months ** Commuters charge extra fare, passengers disappointed ** 78 people killed in Yemen stampede ** Moon sighting committee meets today to ascertain Eid day ** 9 killed in road accidents in 3 districts ** US announces new $325 m military aid package for Ukraine ** Eid-ul-Fitr in Saudi Arabia today ** Eid exodus begins ** LPG price cut illusive ** 15 hurt as bus overturns in capital ** New interbank cheque clearing timings set for Eid holidays ** Four women hit by a train die in Tangail ** 12.28 lakh SIM users left Dhaka on Tuesday ** Sylhet engineer threatened over power outage ** People rush to village homes to spend Eid holidays with their near and dear ones. This photo was taken from Sadarghat Launch Terminal on Tuesday. NN photo ** Surge in cases of dehydration, diarrhoea amid summer heat wave ** Padma Bridge construction cost increases by Tk 2,412cr ** PM gives Tk 90m to Bangabazar fire victims ** Textile workers block highway demanding wage, Eid bonus ** Attack on PM's motorcade Ex-BNP MP, 3 others get life term ** Load-shedding increases for demand of electricity during heat wave ** Motorbikes to be allowed on Padma bridge from Thursday ** 5-day Eid vacation begins from today ** Take Nangalkot train accident as a warning about negligence of govt functionaries **

PICL posts lower profit in 2022

22 March 2023

Business Report :
Phoenix Insurance Company Limited (PICL) registered an 8 per cent year-on-year decline in profit to Tk 8.14 crore last year.
The profit stood at Tk 8.87 crore in 2021, according to a disclosure on the Dhaka Stock Exchange.
Thus, the insurer reported earnings per share of Tk 2.02 for the year that ended on December 31, which was Tk 2.2 in 2021.
Phoenix Insurance said its EPS fell as dividend income and other incomes went down.
The consolidated net asset value per share dropped to Tk 37.10 in 2022 from Tk 39.9 in 2021, owing to the fall in the prices of most of the shares where the insurer has investments.
The consolidated net operating cash flow per share plummeted to Tk 1.37 from Tk 4.06 because of lower premium deposits and other incomes.
The board of directors of Phoenix Insurance recommended a 15 per cent cash dividend for 2022.

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