Karachi, Habib Insurance Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on August 26, 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. 135,482 with earnings per share 0.16 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Habib Insurance Company Limited was incorporated in Pakistan as a public limited company in the year 1942. The Company is engaged in general insurance business comprising of Fire and property, Marine and transport, Motor, Group hospitalization and other classes.
The total number of shares are 123,874,755. The Earnings per Shares of the company is 0.50 in 2020 which was 0.57 in 2019. Their Profit after Taxation is 61,663,000 in 2020 which was 70,087,000 in 2019.