Invest and Finance Securities Limited’s financial results for the third quarter and nine months ended March 31, 2013

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Karachi, April 16, 2013 (PPI-OT): We have to inform you that the Board of Directors of our Company in their meeting held on April 15, 2013 at 06.00 pm at Registered Office, 12th Floor, Corporate Tower, Technocity Building, Hasrat Mohani Road. Off: I. I. Chundrigar Road, Karachi, recommended the following:

(i) Cash Dividend               And/ or

Nil

(ii) Bonus Shares               And/ Or

Nil

(iii) Right Shares              And/ Or

Nil

(iv) Any Other Entitlement/ Corporate Action         Nil

And/ Or

(v) Any Other Price-Sensitive Information            None

The financial results of the Company for the third quarter and nine months ended March 31, 2013 are attached.

The financial results of the Company for the third quarter and nine months ended March 31, 2013 are as follows:

	Nine Months Ended		Third Quarter Ended
	March 31,	March 31,	March 31,	March 31,
	2013	2012	2013	2012
	Rupees		Rupees
Operating revenues	114,246,090	65,293,902	64,936,011	33,941,700
Gain/(loss) on sale of investments-net	69,471,284	162,960,605	8,125,270	(15,790,325)
	———–	———–	———-	———-
	183,717,374	228,254,507	73,061,281	18,151,375
Operating expenses	(44,465,657)	(43,278,044)	(13,902,106)	(14,308,498)
	———–	———–	———-	———-
Operating profit	139,251,717	184,976,463	59,159,175	3,842,877
Other income/(loss)-net	4,552,009	(613,102)	3,300,719	(1,017,264)
Financial charges	(2,400,535)	(5,669,403)	(1,417,691)	(1,597,569)
Gain/(loss) on revaluation of invest-
ments carried at fair value through
profit and loss account-net	30,536,047	3,304,808	(11,628,601)	55,825,469
	———–	———–	———-	———-
	32,687,521	(2,977,697)	(9,745,573)	53,210,636
	———–	———–	———-	———-
Profit before taxation	171,939,238	181,998,766	49,413,602	57,053,513
Taxation	(7,404,578)	(2,778,601)	(3,190,642)	(953,128)
	———–	———–	———-	———-
Profit after taxation	164,534,660	179,220,165	46,222,960	56,100,385
Other comprehensive income	–	–	–	–
	———–	———–	———-	———-
Total Comprehensive Income
for the period	164,534,660	179,220,165	46,222,960	56,100,385
	———–	———–	———-	———-
	Restated		Restated
Earnings per share –basic and diluted	2.49	2.71	0.70	0.85

For more information, contact:
Muhammad Awais
Director and Company Secretary
Invest and Finance Securities Limited
12th floor, Corporate Tower,
Technocity Building, Hasrat Mohani Road
Off: I. I. Chundrigar Road, Karachi, Pakistan
Tel: (+92 21) 32276932-35
Fax: (+92 21) 32276969
Web: www.investfinance.com.pak