Eastern Insurance PLC. announcements
298 Dhaka Stock Exchange announcements for Eastern Insurance PLC. (EASTERNINS) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2017 (18).
- Credit Rating Result
ARGUS Credit Rating Services Limited (ACRSL) has announced the claim paying ability of the Company as "AA+" for long term and "ST-2" for short term in consideration of financials of the Company up to December 31, 2016 (audited), Q3FY17 (unaudited) and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. 0.48 for July-September, 2017 as against Tk. 0.60 for July-September, 2016; EPS was Tk. 1.87 for January-September, 2017 as against Tk. 1.95 for January-September, 2016. NOCFPS was Tk. 2.46 for January-September, 2017 as against Tk. 2.60 for January-September, 2016. NAV per share was Tk. 39.16 as on September 30, 2017 and Tk. 39.25 as on December 31, 2016
- 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 28, 2017 at 11:30 AM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on September 30, 2017.
- Dividend Disbursement
The Company has informed that it has dispatched the cash dividend warrants for the year ended on December 31, 2016 to the registered address of the shareholders.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. 0.66 for April-June, 2017 as against Tk. 0.52 for April-June, 2016; EPS was Tk. 1.38 for January-June, 2017 as against Tk. 1.35 for January-June, 2016. NOCFPS was Tk. 0.25 for January-June, 2017 as against Tk. 1.12 for January-June, 2016. NAV per share was Tk. 40.69 as of June 30, 2017 and Tk. 39.25 as of December 31, 2016.
- 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 30, 2017 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on June 30, 2017.
- Basis for Qualified Opinion
Basis for Qualified Opinion:The auditor of the company has given the following "Basis for Qualified Opinion" paragraph in the audit report of the company for the year ended on 31 December 2016: Basis for Qualified Opinion: i. As reported under notes to the financial statements 22, the company has shown stock dividend amounting to Taka 9,202,650.00 as income of Eastern Insurance Company Limited. As a result, the company's profit has been overstated to the same extent. (cont.) (Continuation news of EASTERNINS): ii. The company has provided provision a sum of Taka 1,250,000.00 for employees' gratuity on lump sum basis instead of calculating individual employees' gratuity amount. Additionally, no actuarial valuation of gratuity liability was undertaken resulting in a possible understatement of actual liability. As a result of the above, actual liability on account of employees' gratuity liability could not be confirmed as at 31st December 2016. (end)
- Confirmation of transfer by a Sponsor Director
Mr. Mohammed Ahsan, one of the Sponsor Directors of the Company, has further reported that he has completed his transfer of 4,74,417 shares of the Company to his brothers (1,58,139 shares each), namely, Mr. Azmal Hossain, Mr. Abu Bakar Siddique and Mr. Mohammad Julhas, by way of gift outside the trading system of the Exchange as announced earlier.
- Declaration of transfer by a Sponsor Director
Mr. Mohammed Ahsan, one of the Sponsor Director of the Company, has expressed his intention to transfer 4,74,417 shares out of his total holding of 14,94,759 shares of the Company to his brothers, namely, Mr. Azmal Hossain, Mr. Abu Bakar Siddique and Mr. Mohammad Julhas, by way of gift outside the trading system of the Exchange within next 30 working days from the date of issuance of approval letter by DSE.
- Resumption after Record Date
Trading of the shares of the Company will resume on 08.06.2017 after record date.
- Suspension for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 07.06.2017.
- 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 05.06.2017 to 06.06.2017. Trading of the shares of the Company will remain suspended on record date i.e., 07.06.2017.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 0.72 or January-March, 2017 as against Tk. 0.83 for January-March, 2016. NOCFPS was Tk. 0.37 for January-March, 2017 as against Tk. 0.89 for January-March, 2016. NAV per share was Tk. 40.02 as of March 31, 2017 and Tk. 39.25 as of December 31, 2016.
- 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 May 14, 2017 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on March 31, 2017.
- Dividend Declaration
The Board of Directors has recommended 20% cash dividend for the year ended on December 31, 2016. Date of AGM: 25.07.2017, Time: 11:00 AM, Venue: Spectra Convention Centre Ltd. House-19, Road-7, Gulshan-1, Dhaka. Record Date: 07.06.2017. The Company has also reported EPS of Tk. 3.33, NAV per share of Tk. 39.25 and NOCFPS of Tk. 3.42 for the year ended on December 31, 2016 as against Tk. 2.70, Tk. 37.91 and Tk. 3.67 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 (30.04.2017) following its corporate declaration.
- 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 27, 2017 at 3:30 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2016.
- Credit Rating Result
ARGUS Credit Rating Services Limited (ACRSL) has announced the CPA (Claim Paying Ability) rating of the Company as "AA+" for long term and "ST-2" for short term in consideration of financials of the Company up to December 31, 2015 (audited), Q3FY16 (unaudited) and other relevant quantitative as well as qualitative information up to the date of rating declaration.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.