Karachi, Century Insurance Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on March 01, 2022.
The agenda of the meeting was discussion of Unconsolidated and consolidated profit and loss account for Year ended December 31, 2022 which portrayed a profit of Rs. 313,353,983 with earnings per share 5.66 basic and diluted respectively.
Further, 25% payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from April 21, 2023 to April 27, 2023 (both days inclusive).
“Century Insurance Company Limited was incorporated in Pakistan in 1985 as a Public Limited Company. The Company is commenced general insurance business in 1989 and the Company has maintained continuous growth. It principally engaged in providing the traditional insurance covers such as Fire, Marine, Motor and Engineering insurance, and also provides expert risk management and advisory services.
The Company has quoted its shares i.e. 50,296,803. The Earning per shares of the Company are 4.82 in 2020 as compared to 2019 which was 2.89. Their Profit after Taxation is 242,602,000 in 2020 which was 145,196,000 in 2019.