The board of directors of Adamjee Insurance Company, in its meeting held on Tuesday recommended a final cash dividend for the year ended December 31, 2010 at Rs 1.50 per share ie 15 percent. This is in addition to interim dividend already paid at Re 1.00 per share ie 10 percent.
According to the financial results sent to Karachi Stock Exchange, the company's profit after tax stood at Rs 518.916 million in the year ended December 31, 2010 as compared to Rs 2,434.483 million earned in the same period in 2009. The company's earning per share stood at Rs 4.19 in the period under review against Rs 19.68 in the same period a year back. The company's profit before taxation stood at Rs 576.598 million in 2010 against Rs 2,595.166 million in 2009.
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