Dawood Equities Limited’s financial results of dawood equities limited for the 1st quarter ended September 30, 2012 : AsiaNet-Pakistan

Dawood Equities Limited’s financial results of dawood equities limited for the 1st quarter ended September 30, 2012

[ 0 ] October 30, 2012 | Financial Results | Share:

Karachi, October 30, 2012 (PPI-OT): We have to inform you that the Board of Directors of Dawood Equities Limited (DEL) in their meeting held on Tuesday, October 30, 2012 at 12:00 noon at 1900-B Saima Trade Tower, I. I. Chundrigar Road, Karachi, recommended the following:

(i) Cash Dividend                                        Nil

And/ Or

(ii) Bonus Issue                                         Nil

And/ Or

(iii) Right Shares                                       Nil

And/ Or

(iv) Any Other Entitlement/ Corporate Action             Nil

And/ Or

(v) Any Other Price-Sensitive Information                Nil

The Financial Results of the company is enclosed.

Condensed Interim Profit and Loss Account (Unaudited) for the Three Months Period Ended September 30, 2012

Three Months Period Ended

01 July to

01 July to

September 30,

September 30,

2012

2011

Rupees

Operating revenue

1,239,743

38,378

(Loss)/ profit on remeasurement of investments
carried at fair value through profit and loss

1,035,682

7,143

———

———

2,275,425

45,520

Administrative expenses

(1,558,950)

(2,058,619)

———

———

716,475

(2,013,099)

Other operating income

91,332

48,504

Financial charges

(20,971)

(9,829)

———

———

(Loss)/ profit before taxation

786,836

(1,974,424)

Taxation
Current

———

———

(Loss)/ profit after taxation

786,836

(1,974,424)

———

———

(Loss)/ profit per share-basic and diluted

0.03

(0.08)

The annexed notes form an integral part of these financial statements.

For more information, contact:
Syed Nazeer Haider
Company Secretary
Dawood Equities Limited
1700-A Saima Trade Tower,
I.I. Chundrigar Road, Karachi-74000
Tel: (92-21) 3227-5256-58, 3227-7182-83, 3227-7179
Fax: (92-21) 3227-5255

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Category: Financial Results

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