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Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on July 31, 2011 at 10:00 A.M at 1001, 10th floor, Uni center I.I. Chundrigar Road. Karachi.
Auditors’ review report is in process and to be submitted in due course of time, whereas, Income statement for the half year ended June, 30 2011 is enclosed for your consideration. A glance of financial results of the Company for that period ended are as follows:
| Business Conducted | NIL |
| Loss before taxation | Rs. (62,110) |
| Taxation | NIL |
| Loss after taxation | Rs. (62,110) |
| Loss per share | Ps. (0.12) |
The Share Transfer Books of the Company will not be closed and all transfers received will be treated in time for the purpose of the transfer.
Hallmark Insurance Company Limited
Condensed Interim Profit and Loss Account
For the quarter and half year ended June 30, 2011 (Unaudited)
| (all amount in PKR) | ||||||
| Revenue Account | Note | Fire and
Property |
Marine
Aviation and Motor Transport |
Others
including Miscellaneous |
Quarter
Ended June 30, 2011 |
Quarter
Ended June 30, 2010 |
| Net premium revenue | – | – | – | – | – | – |
| Less: Net claims | – | – | – | – | – | – |
| Less: Expenses | – | – | – | – | – | – |
| Less: Net commission | – | – | – | – | – | – |
| Underwriting Result | – | – | – | – | – | – |
| Operating Expenses | ||||||
| General and Administration Expenses | – | – | – | – | (10,000) | (12,465) |
| (Loss) Before Taxation | – | – | – | – | (10,000) | (12,465) |
| Taxation | ||||||
| Taxation | – | – | – | – | – | – |
| (Loss) After Taxation | – | – | – | – | (10,000) | (12,465) |
| (Loss) Per Share | (0.02) | (0.02) | ||||
| Revenue Account | Note | Fire and
Property |
Marine
Aviation and Motor Transport |
Others
including Miscellaneous |
Half Year
Ended June 30, 2011 |
Half Year
Ended June 30, 2010 |
| Net premium revenue | – | – | – | – | – | – |
| Less: Net claims | – | – | – | – | – | – |
| Less: Expenses | – | – | – | – | – | – |
| Less: Net commission | – | – | – | – | – | – |
| Underwriting Result | – | – | – | – | – | – |
| Operating Expenses | ||||||
| General and Administration Expenses | – | – | – | – | (62,110) | (64,224) |
| (Loss) Before Taxation | – | – | – | – | (62,110) | (64,224) |
| Taxation | ||||||
| Taxation | ||||||
| (Loss) After Taxation | – | – | – | – | (62,110) | (64,224) |
| Profit and Loss Appropriation Account | ||||||
| Balance at the commencement of the period | – | – | – | – | (4,885,316) | (4,400,341) |
| (Loss) after taxation for the period | – | – | – | – | (62,110) | (64,224) |
| Balance unappropriated (loss) at the end of the period | – | – | – | – | (4,947,426) | (4,464,565) |
| (Loss) per Share | (0.12) | (0.13) | ||||
For more information, contact:
Company Secretary
Hallmark Insurance Company Limited
Suite # 1001, Uni Centre,
10th Floor, I.I. Chundrigar Road,
Karachi, Pakistan.
Tel: +9221 32414419
Fax: +9221 32416288
Email: hallmark@bizcorei.com