Continental Ins declares 5pc dividend
Continental Insurance Limited has declared a 5 percent dividend for the shareholders for the year ending on December 31, 2005.The dividend was announced at the 6th annual general meeting of the company held in the city on Sunday with its chairman Md Musa Meah in the chair, says a press release. All shareholders, Managing Director Md Hashmat Ali and Company Secretary M Qamrul Munir were present. The audited accounts and balance sheet for the year ending December 31, 2005 of the company were unanimously adopted by the shareholders. The audited report and balance sheet for the year under review showed that the net premium income of the company was increased by 35.68 percent, net profit before tax by 555.13 percent, total reserve by 84.52 percent and total assets by 6.61 percent in comparison to last year.
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The 6th annual general meeting of Continental Insurance Limited was held on Sunday in Dhaka. Md Musa Meah, chairman of the company, presided over the AGM while other senior officials were present. Photo: Continental Ins |
