Continental Insurance PLC. announcements
346 Dhaka Stock Exchange announcements for Continental Insurance PLC. (CONTININS) since 2008: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2022 (22).
- The Company has informed that the Board of Directors decided to establish a subsidiary Company namely \"Continental Trad
The Company has informed that the Board of Directors decided to establish a subsidiary Company namely \"Continental Trade & Investment Limited\" subject to the permission of the concerned regulatory authority. (Cont.)
- Decision to establish a subsidiary Company
(Continuation news of CONTININS): The objective of the Company is to invest in Shares, IPO, Mutual Funds, Trading, Placement of Shares, other investment management products and services and/or acquire any shares, stocks, debentures, annuities, bonds, obligations, options, futures, currencies, precious metals, commodities and securities by original subscription. (end)
The first part of this announcement is missing from the archive. - Q3 Financials
(Q3 Un-audited): EPS was Tk. 0.68 for July-September, 2022 as against Tk. 0.53 for July-September, 2021; EPS was Tk. 1.72 for January-September, 2022 as against Tk. 1.70 for January-September, 2021. NOCFPS was Tk. 0.63 for January-September, 2022 as against Tk. 0.46 for January-September, 2021. NAV per share was Tk. 21.02 as on September 30, 2022 and Tk. 20.51 as on September 30, 2021.
- Board Meeting schedule under LR 16(1)
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on October 26, 2022 at 2:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2022.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. 0.54 for April-June 2022 as against Tk. 0.70 for April-June 2021; EPS was Tk. 1.04 for January-June 2022 as against Tk. 1.17 for January-June 2021. NOCFPS was Tk. 0.23 for January-June 2022 as against Tk. 0.62 for January-June 2021. NAV per share was Tk. 20.40 as on June 30, 2022 and Tk. 19.80 as on June 30, 2021.
- Board Meeting schedule under LR 16(1)
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on July 28, 2022 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2022.
- Dividend Disbursement
The Company has informed that it has disbursed the cash dividend for the year ended December 31, 2021 to the respective shareholders.
- Resumption after record date
Trading of the shares of the company will resume on 25.05.2022 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 24.05.2022.
- The auditor of the Continental Insurance Ltd. has given the \"Emphasis of matter\" paragraphs on the audited financial s
The auditor of the Continental Insurance Ltd. has given the \"Emphasis of matter\" paragraphs on the audited financial statements for the year ended December 31, 2021. Emphasis of Matter: 1. We draw attention to Note 11.01 of the financial statements, which describes matters related to implementation of investment policy for non-life insurance companies as issued by the IDRA. Our opinion is not modified in respect of this matter. (cont.1)
- (Continuation news of CONTININS): 2. We draw attention to Note 2.15 which describes the Company\'s rational and on-going
(Continuation news of CONTININS): 2. We draw attention to Note 2.15 which describes the Company\'s rational and on-going discussions with regulators and government ministries regarding Worker\'s Profit Participation Fund. Our opinion is not modified in respect of this matter. Note 11.01 Government Treasury Bond: Balance of Government Treasury Bond was BDT 25,000,000 and was BDT 25,558,587 as at 31 December 2021 and as at 31 December 2020 respectively. (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of CONTININS): This represents the value of Government Treasury Bond lying with Bangladesh Bank as st
(Continuation news of CONTININS): This represents the value of Government Treasury Bond lying with Bangladesh Bank as statutory deposit required section-7(1) of Insurance Act-1938. The Company is currently working towards updating their Investment Policy and restructuring their investments to bring them in line with SRO No. 353-law/ 2019 dated 14 November 2019 issued by the IDRA. Note 2.15 Employees\' Benefit Plan Worker\'s Profit Participation Fund: (cont.3)
The first part of this announcement is missing from the archive. - (Continuation news of CONTININS): Section 234 of chapter 15 of Labor Law 2006 (as amended in 2013) requires every compan
(Continuation news of CONTININS): Section 234 of chapter 15 of Labor Law 2006 (as amended in 2013) requires every company to establish a workers\' Participation Fund and Welfare Fund. However, Bangladesh Financial Institutions Division (BFID), on behalf of the financial institution sector, requested clarification from the Labor Ministry regarding the applicability of the provisions for the sector. Similarly, Bangladesh Insurance Association has corresponded with Finance Ministry through (cont.4)
The first part of this announcement is missing from the archive. - (Continuation news of CONTININS): IDRA on this matter requesting for exemption for Insurance Companies. In addition to t
(Continuation news of CONTININS): IDRA on this matter requesting for exemption for Insurance Companies. In addition to the Bangladesh Insurance Association, the IDRA themselves have communicated to the Ministry of Finance through a letter issued on 2 June 2021 (#53.03.0000.075.22.29.2021.30) requesting the ministry to consider Insurance Companies as similar to financial institutions and provide exemption from payment related to Worker\'s Profit Participation Fund. (cont.5)
The first part of this announcement is missing from the archive. - Spot News
Trading of the shares of the Company will be allowed only in the Spot Market and Block transactions will also be settled as per Spot settlement cycle with cum benefit from 22.05.2022 to 23.05.2022. Trading of the shares of the Company will remain suspended on record date i.e., 24.05.2022.
- Emphasis of matter
(Continuation news of CONTININS): In light of the ongoing discussions between regulators, government ministries and existing industry practices, the Company did not make any provisions for WPPF and no funds were set aside as contribution. The Company is closely monitoring the current situation and if there are any further clarification regarding this matter, the Company will act accordingly. (end)
The first part of this announcement is missing from the archive. - Q1 Financials
(Q1 Un-audited): EPS was Tk. 0.50 for January-March 2022 as against Tk. 0.48 for January-March 2021. NOCFPS was Tk. 0.11 for January-March 2022 as against Tk. 0.15 for January-March 2021. NAV per share was Tk. 20.92 as on March 31, 2022 and Tk. 20.32 as on March 31, 2021.
- Dividend Declaration
The Board of Directors has recommended 12% cash dividend for the year ended December 31, 2021. Date of AGM: 20.06.2022, Time: 11:00 AM, Venue: Digital Platform. Record Date: 24.05.2022. The Company has also reported EPS of Tk. 1.51, NAV per share of Tk. 20.42 and NOCFPS of Tk. 2.07 for the year ended December 31, 2021 as against Tk. 1.24 (restated), Tk. 19.08 (restated) and Tk. 1.11 (restated) respectively for the same period of the previous year.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (19.04.2022) following its corporate declaration.
- Board Meeting schedule under LR 16(1)
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on April 18, 2022 at 2:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2022.
- Board Meeting schedule under LR 19(1)
As per Regulation 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on April 18, 2022 at 2:30 PM to consider, among others, audited financial statements of the Company for the year ended December 31, 2021.
- Alpha Credit Rating Limited (AlphaRating) has rated the Company as \"AA+\" in the long term and \"ST-2\" in the short te
Alpha Credit Rating Limited (AlphaRating) has rated the Company as \"AA+\" in the long term and \"ST-2\" in the short term along with a stable outlook based on audited financial statements of the Company as on December 31, 2020 and relevant qualitative information till January 31, 2022.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.