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 2022 (20).
- Disregard the News of Credit Rating Result
Refer to earlier news disseminated by DSE on 20.12.2022 regarding credit rating result, ARGUS Credit Rating Services Limited (ACRSL) has requested to disregard the News of Credit Rating Result which was mistakenly sent to DSE.
- ARGUS Credit Rating Services Limited (ACRSL) has announced the CPA (Claim Paying Ability) Rating of the Company as \"AA+
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, 2021 (audited) and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- National Credit Ratings Limited (NCR) has assigned the surveillance entity rating of the Company as \"AAA\" in the long
National Credit Ratings Limited (NCR) has assigned the surveillance entity rating of the Company as \"AAA\" in the long term and \"ST-1\" in the short term along with a Stable outlook based on audited financial statements of the Company as on December 31, 2021.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. 0.88 for July-September 2022 as against Tk. 2.22 for July-September 2021; EPS was Tk. 2.65 for January-September 2022 as against Tk. 4.04 for January-September 2021. NOCFPS was Tk. 2.34 for January-September 2022 as against Tk. 3.62 for January-September 2021. NAV per share was Tk. 51.85 as on September 30, 2022 and Tk. 51.52 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 30, 2022 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 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.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. 0.82 for April-June 2022 as against Tk. 0.76 for April-June 2021; EPS was Tk. 1.76 for January-June 2022 as against Tk. 1.81 for January-June 2021. NOCFPS was Tk. 1.98 for January-June 2022 as against Tk. 1.95 for January-June 2021. NAV per share was Tk. 52.80 as on June 30, 2022 and Tk. 51.52 as on December 31, 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 27, 2022 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2022.
- Resumption after record date
Trading of the shares of the company will resume on 31.05.2022 after record date.
- Suspension for Record date
Trading of the shares of the company will remain suspended on record date i.e. 30.05.2022.
- Spot News
Trading of the shares of the company will be allowed only in the Spot Market and Block transaction will also be settled as per spot settlement cycle with cum benefit from 26.05.2022 to 29.05.2022 and trading of the shares will remain suspended on record date i.e., 30.05.2022.
- The auditor of the Eastern Insurance Company Ltd. has given the \"Modified Opinion\" & \"Qualified Opinion \" paragraphs
The auditor of the Eastern Insurance Company Ltd. has given the \"Modified Opinion\" & \"Qualified Opinion \" paragraphs on the audited financial statements for the year ended December 31, 2021. Qualified Opinion: As further disclosed in note no. 14.A Consolidated Investments is Shares and Debentures to the consolidated financial statements, the investment in subsidiary of BDT 285,909,200 has been adjusted against the share capital of BDT 9,999,800 and (cont.1)
- (Continuation news of EASTERNINS): share premium of BDT 275,909,400 of the subsidiary as a consolidation adjustment whic
(Continuation news of EASTERNINS): share premium of BDT 275,909,400 of the subsidiary as a consolidation adjustment which constitute a departure from IFRS. The Group have not recognized goodwill of BDT 275,909,400 in the Consolidated Statement of Financial Position. Furthermore, as more described in note no. 14.02 Provision for investment fluctuation fund the Company have made a reserve of BDT 40,000,000 as reserve against investment fluctuation which constitute a departure from IFRS. (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of EASTERNINS): The company should recognize investment fluctuation fund by BDT 141,370,040 and also
(Continuation news of EASTERNINS): The company should recognize investment fluctuation fund by BDT 141,370,040 and also increase the investment by BDT 141,370,040 to reflect the Fair Value of the investment. Modified Opinion: The Board refers to the Auditors\' Report in regard to Note: 14.A to share premium to EIC Securities Ltd. (Subsidiary Company) for Tk. 275,909,400/- and clarifies that this is non cash item recognized from valuation of CSE membership since 2011. (cont.3)
The first part of this announcement is missing from the archive. - Modified Opinion & Qualified Opinion
(Continuation news of EASTERNINS): Further Auditors' Report in regard to Note: 14.02 to accumulate provision for Investment Fluctuation Fund of Tk. 92,500,000/- against loss share only and mentions that the Company has un-realized gain of Tk. 141,370,040/- only. For the greater interest of the Company as well as Shareholders' the Company made such provision. However in future the Company will take necessary steps to overcome such observation. (end)
The first part of this announcement is missing from the archive. - Dividend Declaration
The Board of Directors has recommended 22% cash dividend for the year ended December 31, 2021. Date of AGM: 27.07.2022, Time: 11:30 AM, Venue: Digital Platform. Record Date: 30.05.2022. The Company has also reported EPS of Tk. 5.16, NAV per share of Tk. 51.52 and NOCFPS of Tk. 5.86 for the year ended December 31, 2021 as against Tk. 3.33, Tk. 47.33 and Tk. 4.13 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 (05.05.2022) following its corporate declaration.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 0.94 for January-March 2022 as against Tk. 1.06 for January-March 2021; NOCFPS was Tk. 1.53 for January-March 2022 as against Tk. 0.80 for January-March 2021. NAV per share was Tk. 52.36 as on March 31, 2022 and Tk. 51.52 as on December 31, 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 April 30, 2022 at 7:30 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 30, 2022 at 7:00 PM to consider, among others, audited financial statements of the Company for the year ended December 31, 2021.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.