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

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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