Century Insurance declares 35 percent bonus, 10 percent cash dividend

The Board of Directors of Century Insurance Company Limited (CICL), a Lakson Group company, has approved the annual accounts for the year 2005 in its meeting held on March 22, 2006 and announced 35 percent Bonus Shares and cash dividend of 10 percent per share.
According to a press release, the company posted pre-tax profit of Rs 117 million and after-tax profit of Rs 94 million, which were 65 percent and 96 percent respectively higher than the previous year's profits. The earning per share (EPS) improved to Rs 6.22 from Rs 3.22 of last year, which reflected an increase of 93 percent. The company shall also be increasing its paid-up capital to Rs 203 million.
Presenting the figures, Mir Nadir Ali, CEO, focused on the strategic business objectives of the company, which he said were aimed at sustained growth and profitability.-PR