Green Delta profit rebounds in April-June

Business Report :
Publicly traded Green Delta Insurance, after a significant drop in profits in the first quarter this year, has turned around in the April-June quarter.
The non-life insurer posted a consolidated earnings per share (EPS) of Tk2.14 for the second quarter that ended in June, which was Tk2.06 for the same period last year. Consolidated financial figures include that of all subsidiary companies.

The company thanks its higher underwriting profits that grew to Tk38.83 crore in this April-June from Tk25.65 crore a year ago for the EPS growth.
Higher profits in its core business helped offset the declines in investment and other income.
However, the first quarter EPS that dropped to Tk0.74 from the previous year’s Tk1.78 did not let the company post a growth in half-yearly profit.