Asia Ins okays 10pc dividend
Asia Insurance Limited has announce a 10 percent dividend for the shareholders for the year 2003.The dividend was approved at the 4th annual general meeting of the company held in Dhaka recently. Abul Bashar Chowdhury, chairman of the company, presided over the meeting, says a press release. The meeting adopted the audited revenue accounts, profit and loss accounts and balance sheet for the year ending December 31, 2003. During the year under review, the company earned a gross premium income of Tk 74.60 million and profit earned before tax is Tk 15.80 million. Reserve for taxation for payment to government is Tk 4.90 million. Tk 4.80 million was reserved for exceptional losses. Yussuf Abdullah Harun and Mahbubul Alam Talukder have been new chairman and vice-chairman of the company for the next term.
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