While inaugurating the secondary market transactions of People’s Insurance Company today (12 January), its Managina Director D.P. Kumarage announced that the company would offer 50 per cent of its profits as dividends while responding to a query by Ada Derana Biz.

While adding further, Kumarage said, “We wanted to list this company. The share market fluctuates from time to time. This is not a very good time for the market. So we were not so keen on this. We only wanted to list the company.”

Meanwhile, People’s Insurance Managing Director D.P. Kumarage also added that a decision has been taken to offer 50 per cent of the company’s profits as dividends and that if this could be done with this year’s profits the shareholders could gain around 8.5 to 9 per cent as profits.

He gave a parting advice that when deciding to invest, what has to be considered is not short-term but long-term opportunities.