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 2023 (20).
- Alpha Credit Rating Limited (AlphaRating) has assigned the surveillance rating of the Company as \"AA\" in the long term
Alpha Credit Rating Limited (AlphaRating) has assigned the surveillance rating of the Company as \"AA\" in the long term and \"ST-2\" in the short term along with Stable outlook based on audited financial statements as on December 31, 2022 and relevant qualitative information till November 13, 2023.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. 0.23 for July-September 2023 as against Tk. 0.50 for July-September 2022; EPS was Tk. 1.34 for January-September 2023 as against Tk. 2.00 for January-September 2022. NOCFPS was Tk. 1.25 for January-September 2023 as against Tk. 3.04 for January-September 2022. NAV per share was Tk. 26.14 as on September 30, 2023 and Tk. 26.02 as on September 30, 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 October 29, 2023 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2023.
- Query Response
In response to a DSE query, 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. 0.38 for April-June 2023 as against Tk. 0.64 for April-June 2022; EPS was Tk. 1.12 for January-June, 2023 as against Tk. 1.50 for January-June, 2022. NOCFPS was Tk. 0.78 for January-June 2023 as against Tk. 2.50 for January-June 2022. NAV per share was Tk. 26.91 as on June 30, 2023 and Tk. 26.60 as on June 30, 2022.
- Dividend Disbursement
The Company has informed that it has disbursed the cash dividend for the year ended December 31, 2022 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 25, 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.
- Appointment of Independent Director
The company has informed that the Board of Directors has appointed Mr. Sib Sankar Saha as Independent Director of the company with immediate effect.
- Query Response
In response to a DSE query, 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.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 0.74 for January-March 2023 as against Tk. 0.86 for January-March 2022; NOCFPS was Tk. 0.69 for January-March 2023 as against Tk. 1.36 for January-March 2022. NAV per share was Tk. 26.63 as on March 31, 2023 and Tk. 26.17 as on March 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 May 14, 2023 at 2:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2023.
- Resumption after record date
Trading of the shares of the company will resume on 07.05.2023.
- Suspension for record date
Trading of the shares of the company will be suspended on record date i.e., 03.05.2023
- 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 30.04.2023 to 02.05.2023 and trading of the shares will remain suspended on record date i.e., 03.05.2023.
- The auditor of the Paramount Insurance Company Limited has given the \"Emphasis of Matter\" paragraph in the Auditor\'s
The auditor of the Paramount Insurance Company Limited has given the \"Emphasis of Matter\" paragraph in the Auditor\'s Report for the year ended on 31 December 2022. \"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). Our opinion is not modified in respect of these matters.\" (cont.1)
- (Continuation news of PARAMOUNT): Note 2.14(c): Worker Profit Participation Fund (WPPF): The Company does not maintain W
(Continuation news of PARAMOUNT): 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 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, (cont.2)
The first part of this announcement is missing from the archive. - Emphasis of Matter
(Continuation news of PARAMOUNT): Dated 14 February 2017, they are requested to Ministry of Finance and Ministry of Labour and Employment not to implement the WPPF for Bank and All Financial Institutions. Based on those letters, this issue is pending for all Financial Institutions. If WPPF is mandatory for all insurance companies for any reason, the company is ready to comply with this matter. (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, 2022. Date of AGM: 12.06.2023, Time: 11:00 AM, Venue: Digital Platform (Link: https://agmbd.live/paramount2023). Record Date: 03.05.2023. The Company has also reported EPS of Tk. 1.87, NAV per share of Tk. 25.81 and NOCFPS of Tk. 3.16 for the year ended December 31, 2022 as against Tk. 3.03, Tk. 25.25 and Tk. 4.20 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 (04.04.2023) following its corporate declaration. However, the floor price shall be applicable accordingly.
- 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 03, 2023 at 2:00 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.