Stocks
15 Insurance Firms Discloses their Q2 Financial Reports
15 listed companies from Dhaka Stock Exchange (DSE). This source is known from their oficial website. Their financial reports for the second quarter, (April – June 24) are provided below
Express Insurance: The company’s earnings per share (EPS) Tk 0.20 paisa in Q2 of the current financial year (April – June 24). EPS was Tk. 0.49 for the same period last year. NAV per share was Tk. 19.26 as of June 30, 2024.
Peoples Insurance: The company’s earnings per share (EPS) Tk 0.58 paisa in Q2 of the current financial year (April – June 24). EPS was Tk. 0.59 for the same period last year. NAV per share was Tk. 34.08 as of June 30, 2024.
Purabi general Insurance: The company’s earnings per share (EPS) Tk 0.48 paisa in Q2 of the current financial year (April – June 24). EPS was Tk. 0.17 for the same period last year. NAV per share was Tk. 14.50 as of June 30, 2024.
Agrani Insurance: The company’s earnings per share (EPS) was loss Tk 0.02 paisa in Q2 of the current financial year (April – June 24). EPS was Tk. 0.32 for the same period last year. NAV per share was Tk. 14.50 as of June 30, 2024.
Mercantile Insurance: The company’s earnings per share (EPS) Tk 0.10 paisa in Q2 of the current financial year (April – June 24). EPS was Tk. 0.39 for the same period last year. NAV per share was Tk. 20.47 as of June 30, 2024.
Islami Insurance: The company’s earnings per share (EPS) Tk 0.73 paisa in Q2 of the current financial year (April – June 24). EPS was Tk. 0.69 for the same period last year. NAV per share was Tk. 22.09 as of June 30, 2024.
Meghna Insurnace: The company’s earnings per share (EPS) Tk 0.05 paisa in Q2 of the current financial year (April – June 24). EPS was Tk. 0.10 for the same period last year. NAV per share was Tk. 13.66 as of June 30, 2024.
Sandhani Life Insurance: As per consolidated life revenue account of the company for April to June, 2024, excess of total expenses including claims over total income (deficit) was BDT 169.10 million as against excess of total expenses including claims over total income (deficit) of BDT 36.51 million in the corresponding previous period of 2023. Whereas as per consolidated life revenue account of the company for January to June, 2024, excess of total expenses including claims over total income was BDT 426.96 million as against excess of total expenses including claims over total income (deficit) of BDT 355.34 million in the corresponding previous period of 2023. Accordingly, Balance of Life Insurance Fund was BDT 6,776.86 million as on June 30, 2024 as against BDT 6,864.73 million as on June 30, 2023 resulting a net decrease of BDT 87.87 million
Pragati Life Isnurance: As per life revenue account of the company for April to June, 2024, excess of total income over total claims and expenses (surplus) was BDT 69.49 million as against excess of total income over total claims and expenses (surplus) of BDT 9.62 million in the corresponding previous period of 2023. Whereas as per life revenue account of the company for January to June, 2024, excess of total income over total claims and expenses (surplus) was BDT 19.69 million as against excess of total income over total claims and expenses (surplus) of BDT 10.39 million in the corresponding previous period of 2023. Accordingly, Balance of Life Insurance Fund was BDT 6,353.22 million as on June 30, 2024 as against BDT 6,226.85 million as on June 30, 2023 resulting a net increase of BDT 126.37 million
United Isnruance: The company’s earnings per share (EPS) Tk 0.73 paisa in Q2 of the current financial year (April – June 24). EPS was Tk. 0.81 for the same period last year. NAV per share was Tk. 26.85 as of June 30, 2024.
Provati Insurance: The company’s earnings per share (EPS) Tk 0.35 paisa in Q2 of the current financial year (April – June 24). EPS was Tk. 0.32 for the same period last year. NAV per share was Tk. 21.89 as of June 30, 2024.
Takaful Isnurance: The company’s earnings per share (EPS) Tk 0.32 paisa in Q2 of the current financial year (April – June 24). EPS was Tk. 0.32 for the same period last year. NAV per share was Tk. 19.30 as of June 30, 2024.
Phoenix Insurance: The company’s earnings per share (EPS) Tk 0.15 paisa in Q2 of the current financial year (April – June 24). EPS was Tk. 0.33 for the same period last year. NAV per share was Tk. 33.83 as of June 30, 2024.
Nitol Insurnace: The company’s earnings per share (EPS) Tk 0.27 paisa in Q2 of the current financial year (April – June 24). EPS was Tk. 0.41 for the same period last year. NAV per share was Tk. 31.10 as of June 30, 2024.
Islami Commercial Insurance Company: The company’s earnings per share (EPS) Tk 0.18 paisa in Q2 of the current financial year (April – June 24). EPS was Tk. 0.27 for the same period last year. NAV per share was Tk. 17.58 as of June 30, 2024.
One of the Listed companies, National Polymer Limited has recommended 10.50% Cash Dividend for the year ended June 30, 2024.
It has reported Consolidated EPS of Tk 2.27 paisa, and Consolidated NAV per share of Tk 30.63 for the year ended March 31, 2024.
The Annual General Meeting (AGM) of the company will be held on December 18, through the digital platform. The record date for this has been fixed at October 22.
The Company also discloses its financial reports for the second quarter, (April – June 24).
As per the company’s consolidated life revenue account for April to June 2024, the excess of total income over total expenses, including claims (surplus), stood at Tk 1,394.24 million. This marks a significant increase from the surplus of Tk 823.68 million during the same period in 2023.
For the first half of 2024, from January to June, the company reported a surplus of Tk 2,177.57 million, compared to Tk 1,290.39 million in the corresponding period of the previous year.
Additionally, the Life Insurance Fund balance as of June 30, 2024, reached Tk 55,188.62 million, showing a net increase of Tk 5,892.25 million from Tk 49,296.37 million on June 30, 2023.
One of the Listed companies, Beacon Pharmaceuticals PLC has recommended 20% Cash dividend and 10% Cash Dividend to Sponsor Shareholder and Directors for the year ended June 30, 2024.
It has reported EPS of Tk 2.26 paisa, and NAV per share of Tk. 26.37 for the year ended June 30, 2024.
The Annual General Meeting (AGM) of the company will be held on December 23, through the digital platform. The record date for this has been fixed at October 27.
The Bangladesh Securities and Exchange Commission (BSEC) has removed three audit firms from its panel for their failure to secure enlistment with the Financial Reporting Council (FRC), according to a notice issued today.
The firms—A Hoque & Company, FAMES & R, and SK Barua & Company Chartered Accountants—were delisted following the FRC’s request. In December last year, the FRC published a list of enlisted audit firms and subsequently, in February, requested the BSEC to remove any firms that were not included on that list.
BSEC regulations mandate that financial statements signed by auditors outside its approved panel will not be accepted. With the removal of these three firms, the total number of audit firms on the BSEC panel has been reduced from 48 to 45.
Sources from the FRC revealed that 15-20 audit firms failed to secure enlistment last year, and approximately 45 chartered accountants are currently under restrictions imposed by the Institute of Chartered Accountants.
Although the delisted firms can no longer audit issuer companies or listed securities, they are allowed to complete audit and assurance services that were initiated before their removal, the BSEC clarified.
