The profit after tax of Jubilee General Insurance Company has increased to Rs 797.189 million in the year ended December 31, 2011 as compared to Rs 450.151 million earned in the corresponding period in 2010. The company's earning per share increased to Rs 8.06 in the period under review against Rs 4.55 in the same period a year back.
The Board of Directors of the company in its meeting held here on Tuesday recommended a final cash dividend for the year ended December 31, 2011 at Rs 3 per share ie 30 percent. The board also recommended issuing bonus shares in the proportion of one share for every five shares held ie 20 percent. According to the financial results sent to Karachi Stock Exchange, the company's profit before taxation increased to Rs 892.911 million in the year 2011 against Rs 546.682 million in 2010.
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