Pioneer Insurance approves 20pc cash dividend
FE Report | Tuesday, 1 July 2008
Pioneer Insurance Company Limited (PICL) has approved 20 per cent cash dividend for its shareholders for the year that ended on December 31, 2007.
The approval came at the 12th annual general meeting (AGM) of the company at the Bangladesh-China Friendship Conference Centre in the city Monday.
Pioneer Insurance Company Chairman Syed Manzur Elahi presided over the meeting.
Also present in the meeting were PICL directors M Anis Ud Dowla, MNH Bulu, Mohammed Nasirullah, Alamgir Shamsul Alamin, Silvana Sikder, Syed Nasim Manzur, Mohammad Wakiluddin, Yasmeen Rahman, Anjan Chowdhury, Fahama Khan and Mansura Rahmatullah, and Managing Director QAFM Serajul Islam.
A large number of shareholders took part in the meeting.
During the said year, the company earned a premium income of Tk 385.2 million (38.52 crore) and a net profit of Tk 70.5 million achieving a growth of 28 per cent and 25 per cent respectively.
The shareholders highly appreciated the over all performance of the company.
The PICL chairman expressed his gratitude to the shareholders for their continued support to the company.
He also praised the management as well as the employees of the company for the excellent performance they had shown and advised them to continue their efforts to become the leading insurance company in the country.
The approval came at the 12th annual general meeting (AGM) of the company at the Bangladesh-China Friendship Conference Centre in the city Monday.
Pioneer Insurance Company Chairman Syed Manzur Elahi presided over the meeting.
Also present in the meeting were PICL directors M Anis Ud Dowla, MNH Bulu, Mohammed Nasirullah, Alamgir Shamsul Alamin, Silvana Sikder, Syed Nasim Manzur, Mohammad Wakiluddin, Yasmeen Rahman, Anjan Chowdhury, Fahama Khan and Mansura Rahmatullah, and Managing Director QAFM Serajul Islam.
A large number of shareholders took part in the meeting.
During the said year, the company earned a premium income of Tk 385.2 million (38.52 crore) and a net profit of Tk 70.5 million achieving a growth of 28 per cent and 25 per cent respectively.
The shareholders highly appreciated the over all performance of the company.
The PICL chairman expressed his gratitude to the shareholders for their continued support to the company.
He also praised the management as well as the employees of the company for the excellent performance they had shown and advised them to continue their efforts to become the leading insurance company in the country.