It is a broadly described annual report of Global Insurance Limited in the year of 2016. During the year under review, company’s net claim settlement increased to BDT Tk. 16.98 million in 2016 from BDT Tk. 12.76 million in 2015. The company earned a pretax net profit of Tk. 29.94 million in 2016. The profit earned in the year 2016 together with the balances of retained earnings of Tk. 7.78 million brought forward from last year totaled Tk. 37.72 million. The total general reserve amount is Tk. 49.14 million in 2016. The earnings per share (after tax) in 2016 was Tk. 0.55 as against Tk. 1.03 in 2015.
The Board of Directors has recommended for payment of stock dividend to the amount of Taka. 22,916,913 @ 7% on paid-up capital out of the surplus available for distribution at the end of the year 2016, as decided by the Board of Director in their meeting held on 30th March 2017, which is subject to the approval of shareholders in the forthcoming Annual General Meeting of the company. These financial statements are presented in Bangladesh Taka (Taka/Tk/BDT) which is the company’s functional currency. All financial information presented in Taka has been rounded off to the nearest Taka.
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