Sonar Bangla Insurance Limited announcements
326 Dhaka Stock Exchange announcements for Sonar Bangla Insurance Limited (SONARBAINS) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2017 (20).
- Q3 Financials
(Q3 Un-audited): Consolidated EPS was Tk. 0.38 for July-September, 2017 as against Tk. 0.44 for July-September, 2016; Consolidated EPS was Tk. 1.31 for January-September, 2017 as against Tk. 1.30 for January-September, 2016. Consolidated NOCFPS was Tk. 0.59 for January-September, 2017 as against Tk. 0.61 for January-September, 2016. Consolidated NAV per share was Tk. 16.95 as on September 30, 2017 and Tk. 15.28 as on September 30, 2016.
- 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, 2017 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on September 30, 2017.
- Buy confirmation of a Corporate Director
Modern Washing & Dyeing Ltd., one of the Corporate Directors of the Company, has further reported that it has completed its buy of 2,50,000 shares of the Company at prevailing market price through Stock Exchange as announced earlier.
- Buy confirmations of Sponsors Directors
Mrs. Nargis Akter, Mr. Md. Shamsul Haque and Mr. Md. Ruhul Amin, all are Sponsors and Directors of the Company, have further reported that they have completed their buys of 50,000 shares, 1,24,636 shares and 2,00,000 shares respectively of the Company at prevailing market price through Stock Exchange as announced earlier.
- Dividend Disbursement
The Company has informed that it has credited the Bonus shares for the year ended on December 31, 2016 to the respective shareholders' BO Accounts on August 16, 2017.
- Buy declaration of a Corporate Director
Modern Washing & Dyeing Ltd., one of the Corporate Directors of the Company, has expressed its intention to buy 2,50,000 shares of the Company at prevailing market price (in the Block Market) through Stock Exchange within next 30 working days.
- Buy declarations of Sponsors Directors
Mrs. Nargis Akter, Mr. Md. Shamsul Haque and Mr. Md. Ruhul Amin, all are Sponsors and Directors of the Company, have expressed their intentions to buy 50,000 shares, 1,24,636 shares and 2,00,000 shares respectively of the Company at prevailing market price (in the Block Market) through Stock Exchange within next 30 working days.
- Q2 Financials
(Q2 Un-audited): Consolidated EPS was Tk. 0.37 for April-June, 2017 as against Tk. 0.44 for April-June, 2016; Consolidated EPS was Tk. 0.93 for January-June, 2017 as against Tk. 0.86 for January-June, 2016. Consolidated NOCFPS was Tk. 0.18 for January-June, 2017 as against Tk. 0.54 for January-June, 2016. Consolidated NAV per share was Tk. 17.92 as of June 30, 2017 and Tk. 16.81 as of June 30, 2016.
- Qualified Opinion and Emphasis of Matter
(Qualified Opinion and Emphasis of Matter): The auditor of the company has given the following "Qualified Opinion and Emphasis of Matter" in the audit report of the company for the year ended on 31 December 2016: Qualified Opinion: The report is subject to qualification appears in its subsidiary company namely Sonar Bangla Capital Management Limited. Emphasis of Matter: i. As disclosed in the note 15.00 to the financial statements regarding renewal insurance portfolio premium and losses. (cont.1) (Continuation news of SONARBAINS): so the actual liability is contingent and issue is under process of litigation. The management should resolve the issue as early as possible. iv. The management should recognise the stock dividend received from subsidiary in compliance with the Bangladesh Financial Reporting Standards (BFRS) and other applicable laws and regulations including permission from BSEC. v. Deferred Tax should be calculated as per BAS-12. (end) (Continuation news of SONARBAINS): Management should take necessary steps to realize/adjust the balances. ii.The management needs to make arrangement to introduce the Workers Profit Participation Fund (WPPF) in the company with compliance of applicable rules and regulations. iii. As described in the note 9.1 in the financial statements regarding liability for taxation, in this case actual demand of the tax authority is higher than the liability recognized in the financial statements, (cont.2)
- 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, 2017 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on June 30, 2017.
- Credit Rating Result
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 December 31, 2016 and relevant qualitative information till June 11, 2017.
- Change of AGM date
The Company has further informed that due to unavoidable circumstances 17th AGM of the Company will now be held on July 30, 2017 instead of July 27, 2017. Other information will remain unchanged.
- Resumption after Record Date
Trading of the shares of the Company will resume on 28.05.2017 after record date.
- Suspension for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 25.05.2017.
- 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 23.05.2017 to 24.05.2017. Trading of the shares of the Company will remain suspended on record date i.e., 25.05.2017.
- Dividend Declaration
The Board of Directors has recommended 10% stock dividend for the year ended on December 31, 2016. Date of AGM: 27.07.2017, Time: 11:00 AM, Venue: Institution of Diploma Engineers Bangladesh, 160/A, Kakrail, Dhaka. Record Date: 25.05.2017. The Company has also reported EPS of Tk. 1.64, NAV per share of Tk. 16.66 and NOCFPS of Tk. 1.41 for the year ended on December 31, 2016 as against Tk. 1.59, Tk. 15.15 and Tk. 0.35 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 (02.05.2017) following its corporate declaration.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 0.49 for January-March, 2017 as against Tk. 0.39 for January-March, 2016. NOCFPS was Tk. 0.45 for January-March, 2017 as against Tk. 0.42 for January-March, 2016. NAV per share was Tk. 17.26 as of March 31, 2017 and Tk. 16.66 as of March 31, 2016.
- 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, 2017 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2016.
- 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, 2017 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on March 31, 2017.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.