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STANDARINS

All Eps Dividend Board Agm Q1 Q2 Q3

STANDARINS 17-Aug-2020

(Continuation news of STANDARINS): of Management is amounting Tk. 152,683,867 and Tk. 130,512,803 for the year ended on 31 December 2019 and 31 December 2018 respectively. (end)

STANDARINS 17-Aug-2020

(Continuation news of STANDARINS): not transferred Lease Liabilities at Net Present Value from Office Rent Expense, interest expense on lease liabilities total cash outflow of the leases, the carrying amount of right-of-use assets at the end of the reporting period by class of underlying asset, which is a non-compliance of para-47 & 53 of IFRS-16. Note -22.00 Expenses of Management: Expenses (cont. 4)

STANDARINS 17-Aug-2020

(Continuation news of STANDARINS): in the current financial year leading to the understatement of Assets and Liabilities, understatement of expense, overstatement of profit and will lead the Office Rent expense into zero which will affect in the notes no. 22. In addition to above, the Company has not recognized the leases of Right-of-use assets and its depreciation. Finally, the Company has (cont. 3)

STANDARINS 17-Aug-2020

(Continuation news of STANDARINS): It introduces significant changes to lessee accounting by removing the distinction between operating and finance lease and requiring the recognition of a right -of -use asset and a lease liability at commencement for all leases, except for short- term leases and leases of low value assets. However, the management of the company opted not to adopt the new standard (cont. 2)

STANDARINS 17-Aug-2020

The auditor of Standard Insurance Limited has given the following "Emphasis of Matter" in the audit report of the company prepared for the year ended on December 31, 2019. Emphasis of Matter: Without qualifying our opinion, we draw attention to the following matter: Initial application of IFRS-16 Leases came into effect in 1st January 2019. IFRS 16 introduces new or amended requirements with respect to lease accounting. (cont. 1)

STANDARINS 17-Aug-2020

Trading of the shares of the Company will be allowed only in the Spot Market and Block transactions will also be settled as per Spot settlement cycle with cum benefit from 18.08.2020 to 19.08.2020. Trading of the shares of the Company will remain suspended on record date i.e., 20.08.2020.

STANDARINS 29-Jul-2020

(Q2 Un-audited): EPS was Tk. 0.52 for April-June 2020 as against Tk. 0.68 for April-June 2019; EPS was Tk. 1.07 for January-June 2020 as against Tk. 1.16 for January-June 2019. NOCFPS was Tk. 0.61 for January-June 2020 as against Tk. 0.95 for January-June 2019. NAV per share was Tk. 19.09 as on June 30, 2020 and Tk. 18.02 as on December 31, 2019.

STANDARINS 29-Jul-2020

(Q1 Un-audited): EPS was Tk. 0.55 for January-March 2020 as against Tk. 0.48 for January-March 2019. NOCFPS was Tk. 0.64 for January-March 2020 as against Tk. 0.01 for January-March 2019. NAV per share was Tk. 18.57 as on March 31, 2020 and Tk. 18.02 as on December 31, 2019.

STANDARINS 29-Jul-2020

There will be no price limit on the trading of the shares of the Company today (29.07.2020) 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.

STANDARINS 29-Jul-2020

The Board of Directors has recommended 10% cash dividend for the year ended on December 31, 2019. Date of AGM: 09.09.2020, Time: 11:00 AM, Venue: Virtually by using Digital Platform. Record Date: 20.08.2020. The Company has also reported EPS of Tk. 1.88, NAV per share of Tk. 18.02 and NOCFPS of Tk. 2.44 for the year ended on December 31, 2019 as against Tk. 1.83 (restated), Tk. 16.14 and Tk. 3.12 respectively for the same period of the previous year.

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