Directors Report 2016 of Provati Insurance Company Limited

It is a broadly described Directors Report of Provati Insurance Company Limited in the year of 2016. In 2016 the net profit before tax was Tk. 7.08 Crore compared to Tk. 7.45 Crore in 2015 while investment in different banks and financial organizations was Tk. 39.66 Crore and share investment were Tk. 1.45 Crore. In 2016, the company settled the claim for total Taka. 8.35 Crore. Net premium income of the company Tk. 35.88 Crore. Earnings per share of the company Tk. 1.81.

The Board of Directors of the company has recommended @6% cash and @6% stock dividend for the year ended 2016 for the shareholders. 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.