Stocks
Sandhani Life Insurance declares Dividends, Q1 & Q2 Financials
One of the Listed companies, Sandhani Life Insurance Company Limited has recommended 12 percent Cash Dividend for the Financial Year ended December 31, 2022.
This source is known from DSE.
The Company has reported Consolidated EPS of Tk 0.88 paisa, NAV per share of Tk 18.57 for the year ended December 31, 2022, as against consolidated EPS of Tk 1.43 paisa. NAV per share Tk 18.68 for the same period of the previous year.
The Annual General Meeting (AGM) of the company will be held on September 25 through the digital platform. The record date for this has been fixed at August 27.
The company has also announced its financial reports for the first & second quarters. This source is known from DSE.
Q1 Financials: In the first quarter of 2023 (January-March 23), the Company reported a net deficit of Tk 308.24 million in its consolidated life revenue account. This figure represents the excess of total expenses, including claims, over total income during the three-month period. The company’s financial performance in the same period of the previous year (2022) showed a comparatively lower deficit of Tk 304.36 million.
As a result of the challenging financial situation, the Balance of Life Insurance Fund, as of March 31, 2023, decreased to Tk 6,914.29 million. This marks a significant decline from the corresponding figure of Tk 7,254.19 million recorded on March 31, 2022, signaling a net decrease of Tk 339.90 million over the year.
Q2 Financials: the Company showed signs of improvement in the second quarter (April-June 23), as the excess of total expenses, including claims, over total income (deficit) decreased to Tk 36.51 million. This figure stands in stark contrast to the deficit of Tk 225.13 million recorded in the corresponding period of 2022.
During the first half of 2023, from January to June, the company’s financial performance also exhibited a positive trend. The excess of total expenses, including claims, over total income (deficit) for this period was Tk 355.34 million, which is significantly lower than the deficit of Tk 546.08 million recorded in the same period of the previous year.
As of June 30, 2023, the Balance of Life Insurance Fund was reported to be Tk 6,864.73 million. This figure reflects a decrease from Tk 7,001.83 million, the balance recorded on June 30, 2022, resulting in a net decrease of Tk 137.10 million
Dhaka Stock Market DSE, Bourse on the last working day of the week, 25th July, ended with a hike in Indices and Turnover from the previous working session. This information is known from DSE sources.
497 crore 34 lakh taka shares were traded on this day. 337 crore 97 lakh more tradings were done in DSE today compared to the previous workday, July 24th, Shares worth Tk 159 crores 37 lakh shares were traded last time, Wednesday.
The benchmark DSEX increased 62.81 points or 5,413 The Shariah-based index DSES added 13.81 points or 1,183 and the blue-chip index DS30 gained by 24.25 points or 1,932.
Of the issues traded, 286 advanced, 66 declined and 40 remained unchanged.
Techno Drugs Limited ranked top gainer on DSE, the share price increased by Tk 3.80 paisa or 9.87 percent. On this day, the share was last traded at Tk 42.30 paisa.
Rangpur Foundry Limited ranked top loser on the DSE, the share price dropped by Tk 5.40 paisa or 2.98 percent. On this day, the share was last traded at Tk 175.70 paisa.
DSE topped on trade is Square Pharmaceuticals PLC 35 crore 9 lakh takas of company shares have been traded.
A total of 28 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 82 lakh 94 thousand 29 shares of the companies were traded. The financial value of which is 21 crore 92 lakh taka
One of the listed companies, Eastland Insurance Company Limited discloses its financial reports for the second quarter, (April – June 24).
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 January-June 2024 as against Tk. 1.47 for the same period last year. EPS was Tk 0.80 paisa during the same period last year. NAV per share was Tk. 20.85 as of June 30, 2024.
One of the listed companies, Shahjalal Islami Bank PLC discloses its financial reports for the second quarter, (April – June 24).
The company’s Consolidated earnings per share (EPS) Tk 1.50 paisa in Q2 of the current financial year (April – June 24). Consolidated EPS was Tk. 1.50 for January-June 2024 as against Tk. 1.47 for the same period last year. EPS was Tk 0.80 paisa during the same period last year. Consolidated NAV per share was Tk. 20.85 as of June 30, 2024.
