Mercantile Insurance Company Ltd. reported earnings results for the second quarter and six months ended June 30, 2012. For the quarter, the company reported gross premium of BDT 99.82 million, net premium of BDT 66.50 million, net profit before tax of BDT 31.64 million, net profit after tax of BDT 21.02 million or BDT 0.55 per share compared to the gross premium of BDT 60.77 million, net premium of BDT 38.05 million, net profit before tax of BDT 32.48 million, net profit after tax of BDT 20.30 million or BDT 0.53 per share for the same quarter year ago.

For the half year, the company reported gross premium of BDT 160.02 million, net premium of BDT 108.20 million, net profit before tax of BDT 66.65 million, net profit after tax of BDT 42.92 million or BDT 1.12 per share compared to the gross premium of BDT 119.37 million, net premium of BDT 77.95 million, net profit before tax of BDT 55.10 million, net profit after tax of BDT 35.06 million or BDT 0.91 per share for the same period year ago. Cash flow from operating activities was BDT 50.21 million compared to the BDT 69.77 million for the same period year ago. Acquisition of fixed assets was BDT 0.95 million compared to the BDT 0.50 million for the same period year ago.