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 2023 (24).
- The Company has informed that the management has decided to assign Ms. Kazi Farhana as the Company Secretary of the Comp
The Company has informed that the management has decided to assign Ms. Kazi Farhana as the Company Secretary of the Company along with her existing responsibility as Head of HRD with immediate effect.
- 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, 2022.
- Query Response
In response to the DSE query dated November 08, 2023, the company has informed that there is no undisclosed price sensitive information of the company for recent unusual price hike and increase in volume of shares.
- (Q3 Un-audited): EPS was Tk. 0.59 for July-September 2023 as against Tk. 0.88 for July-September 2022; EPS was Tk. 1.90
(Q3 Un-audited): EPS was Tk. 0.59 for July-September 2023 as against Tk. 0.88 for July-September 2022; EPS was Tk. 1.90 for January-September 2023 as against Tk. 2.65 for January-September 2022. NOCFPS was Tk. (0.73) for January-September 2023 as against Tk. 2.34 for January-September 2022. NAV per share was Tk. 51.45 as on September 30, 2023 and Tk. 52.49 as on December 31, 2022. (cont.)
- Q3 Financials
(Continuation news of EASTERNINS): The company has informed that during the quarter ended on 30 September 2023, Earnings Per Share (EPS) and Net Operating Cash Flow Per Share (NOCFPS) decreased due to shortfall in net premium income compared to the corresponding same period of the previous year i.e. 2022. (end)
The first part of this announcement is missing from the archive. - 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 31, 2023 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2023.
- Dhaka Stock Exchange Limited (DSE) has accorded its consent to transfer total 753,900 shares of Eastern Insurance Compan
Dhaka Stock Exchange Limited (DSE) has accorded its consent to transfer total 753,900 shares of Eastern Insurance Company Ltd. comprising 382,000 shares of Umme Kulsum Mannan, a sponsor director of the company; 201,100 shares of Sunman Sweaters Limited, a director of the company; 170,800 shares of Alfa Textiles Ltd., a public shareholder director of the company (cont.)
- Transfer of shares outside the Trading System of the Exchange
(Continuation news of EASTERNINS): to Commercial Bank of Ceylon PLC (the transferee) within 30 working days with effect from September 11, 2023 under Regulation-47 of the Dhaka Stock Exchange (Listing) Regulations, 2015. (end)
The first part of this announcement is missing from the archive. - Query Response
In response to a DSE query dated September 07, 2023, the company has informed that there is no undisclosed price sensitive information of the company for recent unusual price hike and increase in volume of shares.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. 0.59 for April-June 2023 as against Tk. 0.82 for April-June 2022; EPS was Tk. 1.30 for January-June 2023 as against Tk. 1.76 for January-June 2022. NOCFPS was Tk. 0.26 for January-June 2023 as against Tk. 1.98 for January-June 2022. NAV per share was Tk. 53.24 as on June 30, 2023 and Tk. 52.49 as on December 31, 2022. EPS and NOCFPS decreased due to shortfall in net premium income compared to the corresponding same period of the previous year-2022.
- 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, 2023 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2023.
- Resumption after record date
Trading of the shares of the company will resume on 31.05.2023.
- Suspension for Record date
Trading of the shares of the company will be suspended on record date i.e., 30.05.2023
- 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 28.05.2023 to 29.05.2023 and trading of the shares will be suspended on record date i.e., 30.05.2023
- The auditor of the Eastern Insurance Company Ltd. has given the \"Qualified Opinion\", \"Emphasis of Matter\" paragraph
The auditor of the Eastern Insurance Company Ltd. has given the \"Qualified Opinion\", \"Emphasis of Matter\" paragraph & \"Other Matter\" in the Auditor\'s Report for the year ended on 31 December 2022. \"Basis for Qualified Opinion: Consolidated Investments in Shares and Debentures in 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 share premium of BDT 275,909,400 (cont.1)
- (Continuation news of EASTERNINS): of the subsidiary as a consolidation adjustment which constitutes a departure from IF
(Continuation news of EASTERNINS): of the subsidiary as a consolidation adjustment which constitutes a departure from IFRS. Furthermore, the Group has not recognized goodwill of BDT 275,909,400 in the Consolidated Statement of Financial Position. Finally, the company has not revalued its assets in accordance with IAS 16, resulting material misstatement of its assets in the financial statement. In addition, Investment in shares has yet to be duly (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of EASTERNINS): acknowledged at an equitable market valuation, thereby indicating a material divergen
(Continuation news of EASTERNINS): acknowledged at an equitable market valuation, thereby indicating a material divergence between the recorded worth and the actual economic value of said investment.\" \"Emphasis of Matter: We draw the attention to note no 11.01 unclaimed dividend account has not been disclosed by beneficiary account numbers which is a non-compliance of directive No, BSEC/CMRRCD/2021- 386/03. Furthermore, to note 2.07 (iv) which state that (cont.3)
The first part of this announcement is missing from the archive. - (Continuation news of EASTERNINS): the company did not set aside any profits contribution related to Worker\'s profit pa
(Continuation news of EASTERNINS): the company did not set aside any profits contribution related to Worker\'s profit participation Fund for the current year due to the on-going discussion between the IDRA and related Finance Ministries. Our opinion is not modified in these matters.\" \"Other Matter: The financial Statements of EIC Securities Ltd. for the year ended 31 December 2022, were audited by ATA KHAN & CO who expressed a modified opinion on these statements on April 27, 2023.\" (end)
The first part of this announcement is missing from the archive. - Election of Chairman
The company has informed that the Board of Directors has elected Mr. A.S.M. Waheeduzzaman as the Chairman of the company with effect from April 12, 2023.
- Dividend Declaration
The Board of Directors has recommended 22% Cash Dividend for the year ended December 31, 2022. Date of AGM: 27.07.2023, Time: 11:30 AM, Venue: Digital Platform. Record Date: 30.05.2023. The Company has also reported EPS of Tk. 3.55, NAV per share of Tk. 52.49 and NOCFPS of Tk. 3.29 for the year ended December 31, 2022 as against Tk. 5.16, Tk. 51.52 and Tk. 5.86 respectively for the year ended December 31, 2021.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (02.05.2023) following its corporate declaration. However, the floor price shall be applicable accordingly.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 0.72 for January-March 2023 as against Tk. 0.94 for January-March 2022. NOCFPS was Tk. 0.23 for January-March 2023 as against Tk. 1.53 for January-March 2022. NAV per share was Tk. 53.01 as on March 31, 2023 and Tk. 52.49 as on December 31, 2022.
- 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, 2023 at 7:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2023.
- 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, 2023 at 7:00 PM to consider, among others, audited financial statements of the company for the year ended December 31, 2022.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.