Paramount Insurance PLC. announcements
276 Dhaka Stock Exchange announcements for Paramount Insurance PLC. (PARAMOUNT) since 2008: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2022 (21).
- Alpha Credit Rating Limited (AlphaRating) has rated the Company as \"AA\" in the long term and \"ST-2\" in the short ter
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 31 December, 2021 and relevant qualitative information till 13 November, 2022.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. 0.50 for July-September 2022 as against Tk. 0.49 for July-September 2021; EPS was Tk. 2.00 for January-September 2022 as against Tk. 3.08 for January-September 2021. NOCFPS was Tk. 3.04 for January-September 2022 as against Tk. 1.85 for January-September 2021. NAV per share was Tk. 26.02 as on September 30, 2022 and Tk. 25.42 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 24, 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. 0.64 for April-June 2022 as against Tk. 1.74 for April-June 2021; EPS was Tk. 1.50 for January-June, 2022 as against Tk. 2.58 for January-June, 2021. NOCFPS was Tk. 2.50 for January-June 2022 as against Tk. 1.56 for January-June 2021. NAV per share was Tk. 26.60 as on June 30, 2022 and Tk. 24.85 as on June 30, 2021.
- Dividend Disbursement
The Company has informed that it has disbursed the cash dividend for the year ended December 31, 2021 to the respective shareholders.
- 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 3:30 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2022.
- Query Response
In response to a DSE query dated June 08, 2022, 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.
- Resumption after record date
Trading of the shares of the Company will resume on 05.05.2022 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 28.04.2022.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 0.86 for January-March 2022 as against Tk. 0.84 for January-March 2021; NOCFPS was Tk. 1.36 for January-March 2022 as against Tk. 1.22 for January-March 2021. NAV per share was Tk. 26.17 as on March 31, 2022 and Tk. 22.61 as on March 31, 2021.
- 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 26.04.2022 to 27.04.2022. Trading of the shares of the Company will remain suspended on record date i.e., 28.04.2022.
- 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 25, 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.
- The auditor of the Paramount Insurance Company Ltd has given the \"Emphasis of matter\" paragraph in the Auditor\'s Repo
The auditor of the Paramount Insurance Company Ltd has given the \"Emphasis of matter\" paragraph in the Auditor\'s Report on the audited financial statements for the year ended December 31, 2021. Emphasis of matter: 1. We draw attention to Note 2.14 (c) of the Financial Statements, which describes the reason for not establishing Workers Profit Participation Fund by the Company according to Bangladesh Labor Act 2006 (as amended in 2013). (cont.1)
- (Continuation news of PARAMOUNT): 2. We draw attention to Note 2.22 of the Financial Statements, which describes Error o
(Continuation news of PARAMOUNT): 2. We draw attention to Note 2.22 of the Financial Statements, which describes Error occurred in deferred tax on revaluation surplus for the previous financial years. Our opinion is not modified in respect of these matters. Note 2.14 (c) Worker Profit Participation Fund (WPPF): The Company does not maintain WPPF. It is required to maintain WPPF@ 5\% of net profit before tax after charging such expense in accordance with (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of PARAMOUNT): Bangladesh Labour Act 2006 (As amended in 2013). Bangladesh Insurance Association (BIA
(Continuation news of PARAMOUNT): Bangladesh Labour Act 2006 (As amended in 2013). Bangladesh Insurance Association (BIA) letter Ref: BIA-3(58/2020-100, Dated: 13 March, 2020 & bank and Financial Institution division letter Ref: 50.00.000.311.22.002.17-130, Dated 14 February 2017, they are requested to Ministry of Finance and Ministry of Labour & Employment not to implement the WPPF for Bank and All Financial Institution. (cont.3)
The first part of this announcement is missing from the archive. - (Continuation news of PARAMOUNT): Based on those letters, this issue is pending for all Financial Institution. If WPPF i
(Continuation news of PARAMOUNT): Based on those letters, this issue is pending for all Financial Institution. If WPPF is mandatory for all insurance company for any reason, the company is ready to comply with this matter. Note 2.22 Prior year adjustment (Error occurred in deferred tax on revaluation surplus): Inadvertently error occurred in between the financial year 2019 and 2020 due to deferred tax on revaluation surplus had been charged in the statement of profit or loss and (cont.4)
The first part of this announcement is missing from the archive. - (Continuation news of PARAMOUNT): other comprehensive income. In fact, deferred tax on revaluation surplus of land Tk. 3
(Continuation news of PARAMOUNT): other comprehensive income. In fact, deferred tax on revaluation surplus of land Tk. 3,90,74,498 had not been charged to surplus in revaluation of land in the financial year of 2019. Hence, revaluation (surplus) had been overstated by Tk. 3,90,74,498 and deferred tax liability understated by Tk. 3,90,74,498 as on 31.12.2019. In the financial year 2020, deferred tax on revaluation surplus Tk. 1,29,80,000 had been charged in the statement (cont.5)
The first part of this announcement is missing from the archive. - Emphasis of matter
(Continuation news of PARAMOUNT): of profit or loss and other comprehensive income. Hence, retained earnings statement had been understated by Tk. 1,29,80,000 and deferred tax liability overstated by Tk. 1,29,80,000 as on 31.12.2020. Accordingly, as on 1st January 2021, retained earnings statement and revaluation surplus have been restated following the guidance of BAS-8 and related deferred tax has been updated as on 31.12.2021. (end)
The first part of this announcement is missing from the archive. - Dividend Declaration
The Board of Directors has recommended 10% cash dividend for the year ended December 31, 2021. Date of AGM: 25.06.2022, Time: 4:00 PM, Venue: Digital Platform. Record Date: 28.04.2022. The Company has also reported EPS of Tk. 3.03, NAV per share of Tk. 25.25 and NOCFPS of Tk. 4.20 for the year ended December 31, 2021 as against Tk. 4.48, Tk. 22.18 and Tk. 2.29 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 (22.03.2022) 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 March 21, 2022 at 3:30 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.