Credited the Stock Dividend for the year 2012 to the respective shareholders' BO Accounts on 10.04.2013.
The Board of Directors has recommended stock dividend @ 30% for the year ended on December 31, 2012. Date of AGM: 28.03.2013, Time: 11:30 AM, Venue: Samarai Convention Center, 23/G/7, Panthapath, Dhaka. Record Date: 13.03.2013. The Company has also reported net profit after tax of Tk. 153.39 million, EPS of Tk. 4.06, NAV per share of Tk. 23.29 and NOCFPS of Tk. 4.87 for the year ended on December 31, 2012.
(Q3): As per un-audited quarterly accounts for the 3rd quarter ended on 30th September 2012 (July'12 to Sep'12), the Company has profit after tax of Tk. 13.85 million with EPS of Tk. 0.36 as against Tk. 77.03 million and Tk. 2.04 respectively for the same period of the previous year. Whereas profit after tax was Tk. 112.06 million with EPS of Tk. 2.96 for the period of nine months (Jan'12 to Sep'12) ended on 30.09.2012 as against Tk. 163.90 million and Tk. 4.33 respectively for the same period of the previous year.
As per un-audited half yearly accounts as on 30.06.12 (Jan'12 to June'12), the Company has profit after tax of Tk. 98.22 million with EPS of Tk. 2.60 as against Tk. 86.88 million and Tk. 2.30 respectively for the same period of the previous year. Whereas profit after tax was Tk. 51.01 million with EPS of Tk. 1.35 for the period of 3 months (Apr'12 to June'12) ended on 30.06.12 as against Tk. 45.78 million and Tk. 1.21 respectively for the same period of the previous year.
The Rating Committee of CRISL has announced the CPA (Claim Paying Ability) Rating of the Company as "AA" in consideration of financials of the Company up to 31st December 2011 (audited) and other relevant quantitative as well as qualitative information up to the date of rating declaration
(Q1): As per un-audited quarterly accounts for the 1st quarter ended on 31st March 2012 (Jan'12 to Mar'12), the Company has profit after tax of Tk. 47.21 million with EPS of Tk. 1.25 as against Tk. 41.10 million and Tk. 1.09 (restated) respectively for the same period of the previous year.
Price Sensitive Information
This is for information of all concerned that the Board of Directors of Eastland Insurance Company Limited in 146th Board Meeting held on 4th March, 2013 at 3.00 P.M. in Lakeshore Hotel, Road # 41, House # 46, Gulshan-2, Dhaka-1212 approved the audited financial statements for the year ended 31st December 2012 and also taken the following decisions for placing to the 26th Annual General Meeting of the Company for Shareholders' approval:
1
Recommended dividend for the year 2012
:
30% Stock Dividend (Bonus Share)
2
Day, Date & Time of 26th AGM
:
Thursday, 28th March, 2013 at 11.30 a.m.
3
Venue of the 26th AGM
:
Samarai Convention Center 23/G/7, Panthapath, Dhaka-1205.
4
Record Date
:
13th March, 2013.
5
Earning Per Share (EPS)
:
Tk. 4.06
6
Net Asset Value (NAV)
:
Tk. 880.82 million
7
Net Asset Value Per Share
:
Tk. 23.29
8
Net Operating Cash Flow Per Share (NOCFPS)
:
Tk. 4.87
The shareholders whose names would appear in the Share Register/Depository Register of the Company on the Record Date i.e. 13th March 2013 shall be eligible to attend the Annual General Meeting and entitled for dividend.
