Invest Capital Investment Bank Limited’s financial results for quarter ended 30th September, 2012

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Karachi, November 30, 2012 (PPI-OT): We wish to inform you that the Board of Directors of the Company in their meeting held on Friday, 30th November 2012 at the Registered Office : B-801, 802, Lakson Square Building No: 3 Sarwar Shaheed Road, Karachi recommended the following:

1. Cash Dividend                                   Nil

2. Bonus Shares                                    Nil

3. Right Shares                                    Nil

4. Any Other Entitlement/ Corporate Action         Nil

5. Any Other Price-Sensitive Information           Nil

Condensed Interim Profit and Loss Account (Un-Audited) for the Quarter Ended September 30, 2012

		September 30,	September 30,
	Note	2012	2011
		Rupees in thousand
Income
Income from leasing operations		10,298	8,097
Operating lease rentals		6,707	12,832
Profit on musharakah investments		2,254	2,440
Income from investment and placement		101	144
Income from finances		3,050	4,630
Income on deposits with banks		643	2,351
Income from joint ventures		1,423	3,595
Dividend income		427	–
Net gain/ (loss) on sale of marketable securities		609	1,294
Unrealized gain/ (loss) on investment in marketable securities-net		(297)	–
		——	——-
		25,214	35,383
Expenses
Administrative and operating expenses		(31,549)	(48,134)
Financial charges		(6,445)	(58,630)
		——	——-
		(37,994)	(105,764)
		——	——-
		(12,780)	(71,381)
Other income		123,737	2,078
		——	——-
		110,957	(69,303)
Provision (Charged)/ Reversed on Non-performing loans and Write-offs
Provision against doubtful finance lease receivable and lease rentals-net		(70,217)	(3,612)
Provision against long term/ short term musharakah finances		(18,996)	(4,566)
Provision against long term / short term loans		(13,664)	16
		——	——-
		(102,877)	(8,162)
		——	——-
Profit/ (Loss) before taxation		8,080	(77,455)
Provision for taxation		(112)	(354)
		——	——-
Profit/ (Loss) after taxation		7,968	(77,819)
		——	——-
Profit/ (Loss) per share-Basic		0.03	(0.27)
		——	——-
Condensed Interim Statement of Comprehensive Income (Un-audited)
For the quarter ended September 30, 2012
Profit/ (Loss) for the period		7,968	(77,819)
Other comprehensive income/ (loss)
Transfer of Gain/ (Loss) to profit and loss on sale of APS shares		104	–
Unrealized gain/ (loss) on re-measurement of available for sale investments		(444)	342
		——	——-
Total comprehensive income/ (loss) for the period		7,628	(77,477)

For more information, contact:
Syed Shahid Owais
Company Secretary
Invest Capital Investment Bank Limited
B-801, 802, 8th Floor,
Lakson Square Building No. 3,
Sarwar Shaheed Road, Karachi, Pakistan
Tel: 35205110,
Fax: (021) 35653803, 35658409, 35861988,
E-mail: info@alzaminease.com