Karachi, EFU General Insurance Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on March 16, 2023.
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. 2,005,722 and Rs. 1,125,811 with earnings per share 10.03 and 2.11 basic and diluted respectively.
Further, 55% payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from April 08, 2023 to April 14, 2023 (both days inclusive).
EFU General Insurance Limited EFU General Insurance Limited was incorporated as a public limited company on 2 September 1932. The Company is engaged in non-life insurance business comprising of fire and property, marine, motor, also assures safety of property from all sorts of engineering and fire related damages.
The total number of shares the company has introduced are 200,000,000. The Earnings per shares of the company is 11.85 in 2020 which was 13.04 in 2019. Their Profit after Taxation is 2,370,823,000 in 2020 which was 2,608,580,000 in 2019.