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 Exchange DSE, Bourse on the last working day of the week, September 27, ended with price Index mixed & turnover drops. This information is known from DSE sources.
422 crores 30 lakh shares were traded on this day. 27 crore 71 lakh less trading was done in DSE today compared to the previous workday, 26 September, Shares worth Tk 450 crores 1 lakh shares were traded last time, Tuesday.
The benchmark DSEX added 0.83 points or 6,284 The Shariah-based index DSES lost 0.03 points or 1,359, and the blue-chip index DS30 increased by 1.85 points or 2,140.
Of the issues traded, 70 advanced, 78 declined and 154 remained unchanged.
Apex Foods Limited ranked top gainer on DSE, the share price increased by Tk 34.30 paisa or 8.73 percent. On this day, the share was last traded at Tk 427.10 paisa
Miracle Industries Ltd ranked top loser on the DSE, the share price dropped by Tk 3.00 paisa or 6.06 percent. On this day, the share was last traded at Tk 46.50 paisa.
DSE topped on trade is City General Insurance Company Ltd 42 crore 46 lakh takas of shares of the company have been traded.
A total of 63 companies’ shares were traded in the Block on Dhaka Stock Exchange, 95 lakh 91 thousand 220 shares of the companies were traded. The financial value of which is 43 crore 86 lakh taka.
One of the Listed Companies, Bay Leasing & Investment Limited has recommended no Dividend for the year ended June 30, 2023.
In terms of financial performance, the company has reported Consolidated Earnings Per Share (EPS) loss of Tk. 5.88 for the year ending June 30, 2023. Consolidated Net Asset Value (NAV) per share stands at Tk. 11.93.
The Annual General Meeting (AGM) of the company will be held on November 30 through the digital platform. The record date for this has been fixed at October 18.
One of the Listed Companies, eGeneration Limited has recommended 10% cash Dividend for the year ended June 30, 2023.
In terms of financial performance, the company has reported an Earnings Per Share (EPS) of Tk. 1.45 for the year ending June 30, 2023. The Net Asset Value (NAV) per share stands at Tk. 22.50.
The Annual General Meeting (AGM) of the company will be held on December 26 through the digital platform. The record date for this has been fixed at November 8.
