First Capital Securities Corporation Limited's Financial Results For The Year Ended June 30, 2011 - AsiaNet-Pakistan

First Capital Securities Corporation Limited’s Financial Results For The Year Ended June 30, 2011

[ 0 ] October 3, 2011 | Financial Results | Share:

Karachi: We have to inform you that the Board of Directors of First Capital Securities Corporation Limited (FCSC) (the Company”)  in their meeting held on 30 September 2011 at 4:30 p.m at Lahore have recommended the followings:

BONUS SHARES           Nil

CASH DIVIDEND          Nil

RIGHT ISSUE            Nil

FINANCIAL RESULTS:

The financial results of the Company are as under:

Profit and Loss Account for the year ended 30 June 2011

2011 2010
Rupees Rupees
Operating revenue
Money market services 11,158,423 13,740,322
Financial consultancy services 250,000 9,000,000
Gain on sale of investments 6,608,684 10,815,013
Investment property rentals 11,138,327 16,695,692
Dividend income 61,412,605 38,370,717
———– ———–
90,568,039 88,621,744
Los on sale of investment property (93,659,058) (22,194,725)
Unrealized (loss)/gain renmeasurement of investment property (9,114,000) 16,821,850
Unrealized (loss)/gain on remeasurement of short term investments (39,404,303) 645,521,903
———– ———–
(51,609,322) 728,770,772
Operating expenses 58,179,180 76,855,903
———– ———–
Operating (loss)/profit (109,788,502) 651,914,869
Finance cost 11,312,679 11,638,889
———– ———–
(121,101,181) 640,275,980
Other operating income 90,654,728 63,416,037
———– ———–
(Loss)/ Profit before taxation (30,446,453) 703,692,017
Taxation (6,376,851) (4,470,930)
———– ———–
(Loss) / Profit after taxation (36,823,304) 699,221,087
———– ———–
(Loss)/earnings per share- basic and diluted (2010: restated) (0.12) 2.21

Further the Board of Directors of the Company has decided to convene the Annual general Meeting (“AGM”) of the Company on Saturday 29 October 2011 at 3:00 p.m. at the Registered Office of the Company 103-C/II, Gulberg-III, Lahore.

The Share Transfer Books of the Company will remain closed from 22 October 2011 to 29 October 2011 (both days inclusive). Transfers received at THK Associates (Pvt.) Limited, Ground Floor, State Life Building No.3, Dr. Ziauddin Ahmad Road, Karachi , the Registrar and Share Transfer Office of the Company at the close of the business on 21 October 2011 will be treated in time.

For more information, contact:
Shahzad Jawahar
Company Secretary
First Capital Securities Corporation Limited
103-C/II, Gulberg-III,
Lahore-Pakistan
UAN: 042-111-947-947
PABX: 042-35757591-94
Fax: 042-35757590

Tags:

Category: Financial Results

Leave a Reply

You must be logged in to post a comment.