Karachi, East West Insurance Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on August 30, 2021.
The agenda of the meeting was discussion of profit and loss account for quarter ended June 30, 2021 which portrayed a profit of Rs. 25,916,071 with earnings per share 0.22 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
East West Insurance Company Limited is a Public Limited Company, was incorporated in Pakistan in the year 1983. The Company is engaged in the general insurance business. In addition, it provides the insurances for Fire, Marine, Motor, Bonds and Engineering, Health and travel, crops and miscellaneous.
The Company is listed on Pakistan Stock Exchange, and the shares of the Company are 118,335,819. The Earnings per shares is 1.96 in 2020 which was 1.81 in 2019. Their Profit after Taxation is 231,375,000 in 2020 which was 183,846,000 in 2019.