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 2021 (27).
- Q3 Financials
(Q3 Un-audited): Consolidated EPS was Tk. 0.06 for July-September 2021 as against Tk. 0.26 for July-September 2020; Consolidated EPS was Tk. 1.97 for January-September 2021 as against Tk. 1.86 for January-September 2020. Consolidated NOCFPS was Tk. 3.43 for January-September 2021 as against Tk. 3.68 for January-September 2020. Consolidated NAV per share was Tk. 20.42 as on September 30, 2021 and Tk. 19.62 as on September 30, 2020.
- 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 November 29, 2021 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, 2021.
- Dividend Disbursement
The Company has informed that it has disbursed the cash dividend for the year ended on December 31, 2020 to the respective shareholders.
- Alpha Credit Rating Limited (AlphaRating) has rated the Company as "AA+" in the long term and "ST-1" in the short term a
Alpha Credit Rating Limited (AlphaRating) has rated the Company as "AA+" 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, 2020 and relevant qualitative information till September 18, 2021.
- (Q2 Un-audited): Consolidated EPS was Tk. 0.46 for April-June 2021 as against Tk. 0.51 for April-June 2020; Consolidated
(Q2 Un-audited): Consolidated EPS was Tk. 0.46 for April-June 2021 as against Tk. 0.51 for April-June 2020; Consolidated EPS was Tk. 1.85 for January-June 2021 as against Tk. 1.71 for January-June 2020. Consolidated NOCFPS was Tk. 2.76 for January-June 2021 as against Tk. 0.74 for January-June 2020. Consolidated NAV per share was Tk. 21.60 as on June 30, 2021 and Tk. 19.62 as on June 30, 2020. (cont.)
- Q2 Financials
(Continuation news of SONARBAINS): The Company has also informed that the Company has obtained a Trading Right Entitlement Certificate (TREC) License from DSE named SBI Securities Limited as its subsidiary organization. Sonar Bangla Insurance Limited hold 52% Shares being Parent Company of SBI Securities Limited. (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 September 13, 2021 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, 2021.
- Resumption after record date
Trading of the shares of the Company will resume on 28.07.2021 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 27.07.2021.
- 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 25.07.2021 to 26.07.2021. Trading of the shares of the Company will remain suspended on record date i.e., 27.07.2021.
- The auditor of the "Sonar Bangla Insurance Limited" has given the "Qualified Opinion" & "Emphasis of Matter" paragraphs
The auditor of the "Sonar Bangla Insurance Limited" has given the "Qualified Opinion" & "Emphasis of Matter" paragraphs in the Auditor's Report for the year ended on 31 December 2020. In this regard, we may disseminate the following news through our online trading system: Basis for Qualified Opinion: 1) The Company did not set aside, due part of its profit, for the year in relation to workers profit participation and welfare fund as required under the Bangladesh Labour Act 2006. (cont.1)
- (Continuation news of SONARBAINS): 2) The Company's subsidiary, Sonar Bangla Capital Management, has equity worth BDT 94
(Continuation news of SONARBAINS): 2) The Company's subsidiary, Sonar Bangla Capital Management, has equity worth BDT 94,116,000 as Share Money Deposit. The subsidiary has held on to these deposits and not converted them into paid-up share capital within six (6) months of receiving the funds which is a non-compliance of Financial Reporting Council Bangladesh Circular 2020/01 dated 11 February 2020. (cont. 2)
The first part of this announcement is missing from the archive. - (Continuation news of SONARBAINS): Emphasis of Matter: I) We draw attention to Note 12 of the financial statements, whic
(Continuation news of SONARBAINS): Emphasis of Matter: I) We draw attention to Note 12 of the financial statements, which describes matters related to implementation of investment policy for non-life insurance companies as issued by the IDRA. Our opinion is not modified in respect of this matter. II) We draw attention to Note 42 to the Financial Statements which explains that certain comparative information as at 31 December 2019 have been restated. (cont.3)
The first part of this announcement is missing from the archive. - (Continuation news of SONARBAINS): Our audit opinion is not qualified in regard to this matter. Note 12.00 Investment in
(Continuation news of SONARBAINS): Our audit opinion is not qualified in regard to this matter. Note 12.00 Investment in shares (at Fair Value): Balance of Investment in shares as on 31 December 2020 and 31 December, 2019 was BDT 27,651,242 and BDT 15,586,414 respectively. Note 42.00 Prior Year Restatement: During the preparation of and audit of December 31, 2020 financial statements, (cont. 4)
The first part of this announcement is missing from the archive. - (Continuation news of SONARBAINS): the Company performed several adjustments to prior year financial information for the
(Continuation news of SONARBAINS): the Company performed several adjustments to prior year financial information for the year ended December 31, 2019. These adjustments were made to correct errors which were identified by the auditors during the prior year audit but no adjustment was during the year (leading to a qualified opinion). In line with IAS 8 Paragraph 42, these errors have been corrected in the financial statements and detailed disclosures have been provided below. (cont. 5)
The first part of this announcement is missing from the archive. - (Continuation news of SONARBAINS): It should be noted that none of these corrections ted to any changes in financial num
(Continuation news of SONARBAINS): It should be noted that none of these corrections ted to any changes in financial numbers that were reported in prior year. All the corrections relate to the presentation and communication of Price Sensitive Information (specifically Earnings Per Share, Net Assets Value per Share and Net Operating Cash Flow per share). Prior Year Consolidated Net Operating Cash Flow (note 25.A) has decreased by BDT 31,27,245 or BDT 0.08 per share (cont. 6)
The first part of this announcement is missing from the archive. - (Continuation news of SONARBAINS): due to correction of errors which were identified in previous year audit but not adju
(Continuation news of SONARBAINS): due to correction of errors which were identified in previous year audit but not adjusted by Management. During prior year, activities related investment in shares were presented as operating cash flow in the consolidated cash flow statement which was not in line with Company policy. In addition, activities related to Fixed Deposits were presented as operating cash flow in the consolidated cash flow statement which was also not in line with Company policy. (cont. 7)
The first part of this announcement is missing from the archive. - (Continuation news of SONARBAINS): These errors have been corrected in the current year by adjusting prior year cash flo
(Continuation news of SONARBAINS): These errors have been corrected in the current year by adjusting prior year cash flow column. Prior Year Consolidated Net Assets value share (Note 21B) has decreased by BDT 1,34,05,851 or 0.34 per share. Prior year net asset value calculation was erroneously adjusted for BDT 1,34,05,851 which has been corrected this year by adjusting the prior year column. (cont. 8)
The first part of this announcement is missing from the archive. - (Continuation news of SONARBAINS): Prior year Consolidated Earnings per Share (Note 21.A) has decreased by BDT 45,79,310
(Continuation news of SONARBAINS): Prior year Consolidated Earnings per Share (Note 21.A) has decreased by BDT 45,79,310 or BDT 0.11 per share. Prior year EPS calculation included subsidiary earnings related to the non-controlling interest. Since these earnings are not attributed to the shareholders of the Company, the EPS has been adjusted. (end)
The first part of this announcement is missing from the archive. - The Board of Directors has recommended 15% cash dividend for the year ended on December 31, 2020. Date of AGM: 23.09.202
The Board of Directors has recommended 15% cash dividend for the year ended on December 31, 2020. Date of AGM: 23.09.2021, Time: 11:00 AM, Venue: Digital Platform. Record Date: 27.07.2021. The Company has also reported Consolidated EPS of Tk. 2.09, Consolidated NAV per share of Tk. 19.62 and Consolidated NOCFPS of Tk. 3.66 for the year ended on December 31, 2020 as against Tk. 1.88 (restated), Tk. 18.22 (restated) and Tk. 1.29 (restated) respectively for the same period of the previous year.
- There will be no price limit on the trading of the shares of the Company today (16.06.2021) following its corporate decl
There will be no price limit on the trading of the shares of the Company today (16.06.2021) following its corporate declaration, however, as per the BSEC Order No. BSEC/CMRRCD/2001-07/04 dated March 19, 2020, the floor price shall be applicable accordingly.
- (Q1 Un-audited): Consolidated EPS was Tk. 1.39 for January-March 2021 as against Tk. 1.19 for January-March 2020. Consol
(Q1 Un-audited): Consolidated EPS was Tk. 1.39 for January-March 2021 as against Tk. 1.19 for January-March 2020. Consolidated NOCFPS was Tk. 0.79 for January-March 2021 as against Tk. 0.71 for January-March 2020. Consolidated NAV per share was Tk. 21.12 as on March 31, 2021 and Tk. 19.62 as on December 31, 2020.
- The Company has informed that the Board of Directors has decided to purchase 1,95,000 shares @ Tk. 100.00 each on which
The Company has informed that the Board of Directors has decided to purchase 1,95,000 shares @ Tk. 100.00 each on which total worth stands at Tk. 2.10 crore from Mrs. Rawsonara Begum, shareholder of Sonar Bangla Capital Management Limited which is subsidiary Company of Sonar Bangla Insurance Limited.
- As per Regulation 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting
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 June 15, 2021 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2020.
- As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting
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 June 15, 2021 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, 2021.
- In response to a DSE query, the Company has informed that there is no undisclosed price sensitive information of the Com
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.
- Query Response
In response to a DSE query dated April 12, 2021, 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.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.