Life Insurance Corporation announced of 24.8 percent stock dividend to its shareholders for the last FY.
Presently, the company has paid-up capital of Rs 1.06 billion which will reach Rs 1.33 billion following the bonus distribution. As per the directive given by Insurance Board, the company must meet the paid-up capital of Rs 2 billion by the end of the current FY.
As per the unaudited financial report of the last FY of the company, it earned Rs 116.7 million net profit maintaining EPS of Rs 8.75.