AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, IGI Holdings Limited, following a board meeting held on August 23, 2023, at its Lahore office and through video-link, announces its financial results for the half-year ended June 30, 2023. The board has approved an interim cash dividend of Rs 2 per share (20%) for the mentioned period. The company’s proactive approach to enhancing shareholder value is reflected in this move.
The financial statement for the half-year period indicates positive figures. The company reported a total income of Rs 489,774,000, compared to Rs 554,390,000 during the same period last year. Despite the challenges, IGI Holdings Limited has managed to maintain a robust financial position, with a profit before taxation of Rs 326,928,000, a testament to its strategic management.
In addition, the Share Transfer Book of the company will be closed from September 4, 2023, to September 5, 2023 (inclusive) to ascertain the entitlement of the declared interim cash dividend.
The company’s unconsolidated condensed interim statement of profit or loss for the half-year and quarter ended June 30, 2023, reveals a positive trajectory. Total income for the mentioned period reached Rs 489,774,000, while the profit before taxation was recorded at Rs 326,928,000.
The consolidated condensed interim statement of profit or loss for the same period highlights IGI Holdings Limited’s strong operational performance. The company reported operating revenue of Rs 7,518,515,000 and a profit before taxation of Rs 2,927,435,000.
These financial results underscore IGI Holdings Limited’s commitment to delivering value to its shareholders and maintaining a resilient financial position amidst evolving market dynamics.
The post IGI Holdings Limited Releases Favorable Financial Results for H1 2023, Declares Interim Cash Dividend appeared first on Pakistan Company News.