Mercantile Insurance Company Ltd. reported unaudited earnings results for the third quarter and nine months ended Sept. 30, 2012. For the quarter, the company reported net premium of BDT 24.88 million against BDT 26.93 million for the same period of last year. Underwriting profit was BDT 9.40 million against BDT 15.77 million for the same period of last year. Net profit before tax was BDT 22.90 million against BDT 17.81 million for the same period of last year. Net profit after tax was BDT 14.23 million against BDT 11.38 million for the same period of last year. EPS was BDT 0.37 against BDT 0.30 for the same period of last year.

For the nine months, the company reported net premium of BDT 118.23 million against BDT 93.35 million for the same period of last year. Underwriting profit was BDT 39.38 million against BDT 41.71 million for the same period of last year. Net profit before tax was BDT 82.03 million against BDT 59.79 million for the same period of last year. Net profit after tax was BDT 52.19 million against BDT 38.35 million for the same period of last year. EPS was BDT 1.36 against BDT 1.00 for the same period of last year. Cash flow from operating activities was BDT 51.98 million against BDT 60.75 million for the same period of last year. Acquisition of fixed assets was BDT 0.95 million against BDT 0.62 million for the same period of last year.