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 second working day of the week, 30th September, ended with a negative performance in Indices and a hike in Turnover from the previous working session. This information is known from DSE sources.
503 crore 90 lakh taka shares were traded on this day. 22 crore 58 lakh more tradings were done in DSE today compared to the previous workday, 29th September, Shares worth Tk 481 crores 31 lakh shares were traded last time, Sunday.
The benchmark DSEX lost 33.61 points or 5,624 The Shariah-based index DSES dropped 7.36 point or 1,263 and the blue-chip index DS30 decreased by 9.57 points or 2,053.
Of the issues traded, 72 advanced, 299 declined and 25 remained unchanged.
Shahjibazar Power Company Limited ranked top gainer on DSE, the share price increased by Tk 4.00 paisa or 9.76 percent. On this day, the share was last traded at Tk 45.00 paisa.
Dhaka Electric Supply Company Limited ranked top loser on the DSE, the share price dropped by Tk 1.80 paisa or 7.56 percent. On this day, the share was last traded at Tk 22.00 paisa.
DSE topped on trade is Pragati Life Insurance Limited 25 crore 35 lakh takas of company shares have been traded.
A total of 27 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 1 crore 50 lakh 42 thousand 956 shares of the companies were traded. The financial value of which is 65 crore 60 lakh taka
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.
