Ceylinco Insurance profits up
Ceylinco Insurance recorded impressive results for 2009.
|
Ajith Gunawardena |
During the year, Ceylinco Insurance recorded a premium income of Rs
16.6 billion out of which the General Division contributed Rs 9.1
billion whilst Life Division contributed the balance Rs 7.5 billion Jt
Deputy Chairman, Ajith Gunawardena said.
The company made an exceptional pre-tax profit of Rs 939.6 million
for the year ended December 31, 2009 indicating a 28 percent increase
compared to previous year.
The General Division contributed Rs 352 million.
This can be considered a remarkable achievement in all aspects given
the unprecedented and unfavourable level of activities.
"The company's innovative and practical cost saving methods were
applied in a manner that reflected significantly on the profit. Having
operated in an environment of economic turbulence and otherwise unstable
conditions, these results can be called truly outstanding," Gunawardena
said. |
