Paramount Insurance has bought 200 kathas of land
As per the previous announcement, Paramount Insurance Company Limited, a listed insurance company, has completed the purchase of land. The company has bought a total of 200 kathas of land in Katun mouza in Nagari union of Kaliganj police station in Gazipur. The company has spent more than 26 crore for this. Dhaka Stock Exchange (DSE) sources said.
In the first half of the current financial year (January-June), the company’s earnings per share (EPS) has been 2 57 paise. Where the EPS for the same period of the previous financial year was 26 paise. EPS in the second quarter was 1 74 paise. The previous account was 36 paise at the same time of the year. At the end of June 30, 2021, the company’s net asset value per share (NAVPS) stood at Tk 24.75. At the end of the same period of the previous accounting year which was 18 rupees 96 paise.
Paramount Insurance has paid a 20 percent stock dividend to shareholders for the fiscal year ended December 31, 2020. At the time of discussion, the company’s EPS was Tk 5.38 paise, which was Tk 1.14 paise in the previous financial year. At the end of 31st December 2020, the company’s NAVPS stood at Tk 28.72, up from Tk 21.40 at the end of the previous financial year.
Paramount Insurance paid a total dividend of 4 percent to shareholders for the 2019 fiscal year. Of this, 2 percent is cash and the remaining 2 percent is stock dividend. The company paid a 5 percent stock dividend in the 2017 financial year. In addition, the company’s shareholders received a 10 percent stock dividend for the 2017 financial year.
According to the latest ratings, Paramount Insurance’s credit rating is ‘Double A Minus’ in the long run and ‘ST-2’ in the short run. Emerging Credit Rating Limited (ECRL) has certified this on the basis of audited financial statements for the financial year ended December 31, 2019 and other relevant information including unaudited financial statements for the first three quarters of the last financial year.
The authorized capital of Paramount Insurance, which entered the stock market in 2008, is Tk 60 crore. The paid up capital is 40 crore 8 lakh 50 thousand rupees. The company has reserves of Tk 49.55 crore. The total number of shares is 4 crore 8 lakh 64 thousand 97. Of this, 47.49 per cent is held by entrepreneurs-managers, 7.41 per cent by institutional investors and the remaining 44.10 per cent by general investors.