Trust Securities and Brokerage Limited’s financial results for the year ended June 30, 2011

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Karachi: We have to inform you that the Board of Directors of our company in their meeting held on September 22, 2011 at 2:30 P.M. at Karachi approved the Annual Audited Accounts for the Year ended June 30, 2011 and recommended the following:

A final NIL cash Dividend for the year ended June 30, 2011.

The Summarized financial results of the company are as follows:

 

	2011	2010
	June30	June 30
	Rupees	Rupees
Operating revenue	2,219,875	4,740,135
Gain on Sale of securities	616,018	16,865
	———-	———-
	2,835,893	4,757,000
Operating and administrative expenses	(13,825,923)	(14,315,975)
Finance Cost	(12,154)	(513,728)
	———-	———-
	(13,838,077)	(14,829,703)
	———-	———-
Operating Loss	(11,002,184)	(10,072,703)
Other operating income	448,647	573,457
	———-	———-
Loss before taxation	(10,553,537)	(9,499,246)
Taxation	(83,823)	(184,683)
	———-	———-
Loss after taxation	(10,637,360)	(9,683,929)
	———-	———-
Loss per hare-basic and diluted	(1.06)	(0.97)

 

The Annual General Meeting of the company will be held on Saturday October 29, 2011 at 10:30 A.M. at the registered office of the Company at Lahore.

The shares transfer books of the company will be closed from October 22, 2011 to October 29, 2011 (both days inclusive).

For more information, contact:
Abdul Basit
Chief Executive
Trust Securities and Brokerage Limited
Corporate Office: 3rd Floor, Associated House,
Building # 1 and 2, 7-Kashmir Road,
Lahore-54000 (PAKISTAN).
Te1ephone (92-42) 3637 3041-43
Fax: (92-42) 36373040
Website: www.trustsecu.com
Email: info@trustsecu.com