AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: We have to inform you that the board of directors of our company in its meeting held at 6th floor, Madina City Mall, Abdullah Haroon road, Karachi on 24 April 2012 at 4:00 pm, recommended the following:
Cash Dividend Nil
Bonus Shares Nil
Right Shares Nil
The financial results of the company are enclosed herewith.
Condensed Interim Profit and Loss Account (Unaudited) for the First Quarter Ended 31 March 2012
|
Quarter Ended |
||
|
March 31 |
March 31 |
|
|
2012 |
2011 |
|
|
Rupees |
||
| Income | ||
| Income on financing and placements |
6,069,064 |
2,181,246 |
| Return on investments |
13,457,677 |
11,787,167 |
| Gain on sale of shares |
– |
6,399,776 |
| Other income |
167,024 |
163,301 |
|
———- |
———- |
|
|
19,693,765 |
20,531,490 |
|
| Expenditure | ||
| Return on deposits and borrowings |
13,915,688 |
9,163,510 |
| Operating expenses |
6,831,579 |
6,003,603 |
|
———- |
———- |
|
|
20,747,267 |
15,167,113 |
|
|
———- |
———- |
|
| Operating (Loss)/ Profit before tax |
(1,053,502) |
5,364,377 |
| Provision for taxation |
508,328 |
(156,410) |
|
———- |
———- |
|
| Net (Loss)/ Profit after tax |
(545,174) |
5,207,967 |
|
———- |
———- |
|
| Earning per share – basic and diluted |
(0.01) |
0.10 |
The annexed notes form an integral part of these condensed interim financial statements.
Muhammad Amin Khatri
Chief financial officer
For more information, Contact:
Security Investment Bank Limited
6th Floor, Uni Towers,
I.I. Chundrigar Road,
Karachi- 74000, Pakistan
Ph: (92-21) 32418410-13
Fax: (92-21) 32418414
E-mail: sibl@sibl.com.pk
Website: www.sibl.com.pk