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.
Registered Name
: Eastland Insurance Company Limited
Registered office
: 13 Dilkusha C/A, Dhaka – 1000, Bangladesh.
Paid up Capital
: Tk. 461.67 Million
Authorized Capital
: Tk. 1000 Million
Incorporation
: November 05, 1986
Commencement of Business
: November 05, 1986
Credit Rating Grade
: AA
Listing with Dhaka Stock Exchange (DSE)
: 1994
Listing with Chittagong Stock Exchange (CSE)
: 1994
Allotment of Public Share
: 1994
Face Value Per Share
: Tk. 10
Earning Per Share (EPS)
: Tk. 4.06
Average Annual Growth over the last 5 years
: 20%
Total Asset of the Company
: Tk. 1547.73 million
Reserve Base
: Tk. 689.63 million
Investment Portfolio
: Tk. 758.60 million
Number of Branches
: 24
Eastland is the proud sponsor of 02 (two) reputed Non-Banking Financial Institutions namely Industrial & Infrastructure Development Finance Company Ltd. (IIDFC) and National Housing Finance & Investment Ltd. led by prominent Banks, Insurance Companies and the renowned Business houses of the country as follows:
Industrial & Infrastructure Development Finance Company Ltd(IIDFC), a public limited company was incorporated on 19 December, 2000 as a non-banking development financial institution under companies Act 1994 and the financial institution Act 1993 to boost investment specially in the spectrum of industrial and infrastructure development with its registered office at Chamber Building (6th Floor), 122-124, Motijheel C/A, Dhaka-1000.
Authorized capital
: BDT. 1,000,000,000
Paid up capital
: BDT. 3,28,780,000
Sponsors of IIDFC are:
Eastland Insurance Company Ltd.
Janata Bank Ltd.
Invest Corporation of Bangladesh (ICB)
AB Bank Ltd.
Bank Asia Ltd.
BRAC Bank Ltd.
The City Bank Ltd.
Mutual Trust Bank Ltd.
National Bank Ltd.
One Bank Ltd.
Southeast Bank Ltd.
Sonali Bank Ltd
National Life Insurance Co. Ltd.
Pragati Insurance Ltd.
Mr. Md. Matiul Islam
National Housing Finance and Investments Limited, a public limited company was incorporated on August 18, 1998 as a non-banking development financial institution under Companies Act 1994 with registered office at 109, Bir Uttam C.R Datta Road (Ex-Sonargaon Road), National Plaza (7th & 8th Floor), Dhaka-1205.
Authorized capital
: BDT 2,000 million
Paid up capital
: BDT 520 million
Sponsors of National Housing Finance and Investments Limited are :
Eastland Insurance Company Ltd.
National Bank Ltd.
United Commercial Bank Ltd.
Eastern Insurance Company Ltd.
IFIC Bank Ltd.
Jibon Bima Corporation
National Life Insurance Company Ltd.
Pragati Insurance Ltd.
Reliance Insurance Ltd.
Sadharan Bima Corporation
Bangladesh Lamps Ltd.
Borak Travels (Pvt.) Ltd.
HRC Bangladesh Ltd.
Shaw Wallace Bangladesh Ltd.
Square Pharmaceuticals Ltd.
Unicorn Equities Ltd.
Overseas Investor Forum (UK)
Overseas Investors Forum (Zambia)
Summit Industrial and Mercantile Corporation (Pvt.) Ltd.
Eastland Insurance Company Ltd.