Picic Board of Directors announced the decision in a meeting held recently at the close of 3rd quarter of 2005. The after tax profit achieved by Picic came to Rs 752.88 million for the 3rd quarter ended on September 30, 2005 as compared to Rs 491.96 million in the corresponding period last year.
The earning per share (EPS) for the quarter that ended on September 30, 2005 was calculated as 2.39 per share as compared to Rs 1.76 per share for the same period in 2004.
The corporation also declared the unaudited financial statements for nine months that was Rs 1,385 million after tax profit for the period ended on September 30 2005 as compared to Rs 1,323 million at the end of September 30, 2004.
The EPS for the nine months ended on September 30, 2005 was Rs 4.40 per share as compared to Rs 4.75 per share for the same period in 2004.