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CENTRALINS

All Eps Dividend Board Agm Q1 Q2 Q3

CENTRALINS 09-Jul-2020

(Continuation news of CENTRALINS): management needs to take proper action to settle the balance immediately; Note 7 Amount Due to Other Persons or Bodies carrying on Insurance Business: Balance of Amount Due to Other Persons or Bodies carrying on Insurance Business as on 31 December 2019 was Tk. 62,565,251 and as on 31 December 2018 was Tk. 61,809,930. Note 12 Amount Due from (cont.4)

CENTRALINS 09-Jul-2020

(Continuation news of CENTRALINS): As per BSEC Rules every listed company should establish a gratuity fund. However, we did not observe such establishment of Gratuity Fund. Which is a non-compliance of said Rules. Anyway, we observed that provision has been made for gratuity fund; As disclosed in note 7 and 12 regarding amount payable and receivable were carry forwarded since long ago, (cont.3)

CENTRALINS 09-Jul-2020

(Continuation news of CENTRALINS): did not disclose every related party transaction. As disclosed in note 8.01 the company has calculated deferred tax during the reporting period. However, computation needs to be complied with all aspects as per IAS-12; Note 8.01 Deferred Tax: Balance of Deferred Tax as on 31 December 2019 was Tk. (740,997) and as on 31 December 2018 was Tk. 1,686,559. (cont.2)

CENTRALINS 09-Jul-2020

The auditor of Central Insurance Company Ltd. has given the following "Emphasis of Matter" in the audit report of the company prepared for the year ended on 31 December 2019. Emphasis of Matter: We draw attention to the following matters, though our opinion is unqualified in respect of the same: As per IAS-24, every entity should disclose every related party transaction. However, the company (cont.1)

CENTRALINS 06-Jul-2020

(Continuation news of CENTRALINS): and iii) The bonus shares is not declared from capital reserve or revaluation reserve or any unrealized gain or out of profit earned prior to incorporation of the company or through reducing paid up capital or through doing anything so that the post-dividend retained earnings become negative or a debit balance. (end)

CENTRALINS 06-Jul-2020

Dividend Declaration (Additional Information): The Company has further informed that reasons for stock dividend declaration are - i) utilization of such retained amount as capital, ii) The bonus shares is declared out of accumulated profit or share premium, (cont.)

CENTRALINS 02-Jul-2020

(Q1 Un-audited): EPS was Tk. 0.56 for January-March 2020 as against Tk. 0.63 for January-March 2019. NOCFPS was Tk. 0.95 for January-March 2020 as against Tk. 0.52 for January-March 2019. NAV per share was Tk. 25.24 as on March 31, 2019 and Tk. 24.68 as on December 31, 2019.

CENTRALINS 02-Jul-2020

There will be no price limit on the trading of the shares of the Company today (02.07.2020) following its corporate declaration, however, as per the BSEC Order No. BSEC/CMRRCD/2001-07/04 dated March 19, 2020, the floor price shall be applicable accordingly.

CENTRALINS 02-Jul-2020

The Board of Directors has recommended 7% cash and 5% stock dividend for the year ended on December 31, 2019. Date of AGM: 07.09.2020, Time: 11:00 AM, Venue: Virtual Platform. Record Date: 23.07.2020. The Company has also reported EPS of Tk. 2.14, NAV per share of Tk. 24.68 and NOCFPS of Tk. 2.07 for the year ended on December 31, 2019 as against Tk. 2.13, Tk. 23.73 and Tk. 2.29 respectively for the same period of the previous year.

CENTRALINS 24-Jun-2020

As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on June 30, 2020 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on March 31, 2020.

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