Provati Insurance PLC. announcements
394 Dhaka Stock Exchange announcements for Provati Insurance PLC. (PROVATIINS) since 2010: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2023 (17).
- The company has informed that it has executed Share Purchase Agreement with HAC Securities Limited, DSE TREC No-074 on 1
The company has informed that it has executed Share Purchase Agreement with HAC Securities Limited, DSE TREC No-074 on 1st March 2023 to purchase 52\% shares of HAC Securities Limited. 52\% shares of HAC Securities Limited were transferred to the name of Provati Insurance Company Limited through the Registrar of Joint Stock Companies and Firms, Bangladesh as per the Share Purchase Agreement on 10th December 2023.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. 0.69 for July-September, 2023 as against Tk. (0.33) for July-September, 2022; EPS was Tk. 1.73 for January-September, 2023 as against Tk. 1.33 for January-September, 2022. NOCFPS was Tk. 1.41 for January-September, 2023 as against Tk. 0.94 for January-September, 2022. NAV per share was Tk. 20.57 as on September 30, 2023 and Tk. 19.49 as on September 30, 2022.
- Q3 Financials (Additional Information)
(Q3 Un-audited): The company has further informed that EPS has increased in 3rd Quarter 2023 compared to that of 3rd Quarter 2022 due to increase of Premium Income and decrease of Loss on Investment in Shares.
- 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 21, 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.
- ARGUS Credit Rating Services Limited (ACRSL) has announced the CPA (Claim Paying Ability) rating of the Company as \"AAA
ARGUS Credit Rating Services Limited (ACRSL) has announced the CPA (Claim Paying Ability) rating of the Company as \"AAA\" in the long term and \"ST-2\" in the short term in consideration of financials of the Company up to December 31, 2022 (audited), Q2FY23 (un-audited) and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- Dividend Disbursement
The Company has informed that it has disbursed the Cash Dividend for the year ended December 31, 2022 to the respective shareholders.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. 0.32 for April-June 2023 as against Tk. 0.54 (restated) for April-June 2022; EPS was Tk. 1.04 for January-June 2023 as against Tk. 1.93 (restated) for January-June 2022. NOCFPS was Tk. 0.73 for January-June 2023 as against Tk. 2.47 for January-June 2022. NAV per share was Tk. 21.08 as on June 30, 2023 and Tk. 23.99 as on June 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 July 26, 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 20.06.2023
- Suspension for Record date
Trading of the shares of the company will be suspended on record date i.e., 19.06.2023.
- The auditor of Provati Insurance Company Limited has given the \"Qualified Opinion\" in the Auditor\'s Report for the ye
The auditor of Provati Insurance Company Limited has given the \"Qualified Opinion\" in the Auditor\'s Report for the year ended December 31, 2022. \"Basis for Qualified Opinion: Investment in shares amounting to Tk. 134,129,132 didn\'t represent at fair value in the financial statement (Refer to Note No-16.02). Unrealized loss of investment in shares amounting to Tk. 25,784,333 has been adjusted with the retained earnings instead of other comprehensive income which is non-compliance of IAS-39.\"
- 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 15.06.2023 to 18.06.2023 and trading of the shares will be suspended on record date i.e., 19.06.2023.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 0.73 for January-March 2023 as against Tk. 1.19 (restated) for January-March 2022. NOCFPS was Tk. 1.22 for January-March 2023 as against Tk. 2.80 for January-March 2022. NAV per share was Tk. 20.77 as on March 31, 2023 and Tk. 23.45 as on March 31, 2022.
- Dividend Declaration
The Board of Directors has recommended 12% cash dividend for the year ended December 31, 2022. Date of AGM: 02.08.2023, Time: 11:00 AM, Venue: Digital Platform. Record Date: 19.06.2023. The Company has also reported EPS of Tk. 2.52, NAV per share of Tk. 20.68 and NOCFPS of Tk. 1.89 for the year ended December 31, 2022 as against Tk. 4.30, Tk. 22.34 and Tk. 7.07 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 (25.05.2023) 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 May 24, 2023 at 3:00 PM to consider, among others, audited financial statements of the company for the year ended 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 May 24, 2023 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2023.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.