Karachi, Premier Insurance Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held through video link 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. 47,285 with earnings per share 0.94 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Premier Insurance Limited was incorporated as a public limited Company in Pakistan in May 1952 and is engaged in general insurance business. The Company has been allowed to work as Window Takaful Operator since October 2, 2015 by Securities and Exchange Commission of Pakistan (SECP) under SECP Takaful Rules, 2012 to carry on General Window Takaful Operations in Pakistan.
The total number of shares is 50,565,105. The Earnings per share is (2.32) in 2020 which was (4.74) in 2019. The Company had a loss of Rs. (177,112,000) in 2020 which was (239,761,000) in 2019.