Karachi, Adamjee Insurance Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on October 24, 2022.
The agenda of the meeting was discussion of profit and loss account for quarter ended September 30, 2022 which portrayed a profit of Rs. 187,485 with earnings per share 0.75 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Adamjee Insurance Company Limited is the general insurance company of Pakistan, and was incorporated as a Public Limited Company on September 28, 1960. The Company is listed on Pakistan Stock Exchange Limited and also has regional presence in United Arab Emirates.
The Company is principally engaged in the general insurance business comprising fire and property, marine, motor, accident, health and miscellaneous. The shares of the Company are listed on Pakistan Stock Exchange.
The total number of shares the company has issued are 350,000,000 where the Earnings Per Share in 2020 is 5.36 which was 5.18 in 2019. The Profit After Taxation has also increased in 2020 and is 1,875,506,000 which was 1,812,975,000 in 2019.