Invest and Finance Securities Limited’s financial results for the first quarter ended september 30, 2011

Karachi: We have to inform you that the Board of Directors of our company in their meeting held on October 14, 2011 at 11.30 am at Registered Office. 12th Floor, Corporate Tower. Technocity Building, Hasrat Mohani Road, Off: I. I. Chundrigar Road, Karachi, recommended the following:

 

(i) Cash Dividend        Nil

And/ Or

(ii) Bonus Shares        Nil

And/ Or

(iii) Right Shares       Nil

And/ Or

(iv) Any Other Entitlement/Corporate Action

And/ Or

(v) Any Other Price-Sensitive Information         None

The Financial results of the Company are annexed.

The financial results of Invest and Finance Securities Limited ore as follows:

 

First Quarter Ended

September 30,

2011

September 30,

2010

Rupees

Operating Revenue
Operating revenues 13,005,988 10,089,601
Gain on sale of investments – net 8,653,153 493,961
———-  ———-
211,659,141 105,835,562
Expenditure
Administrative and general expenses  (14,486,390) (11,157,946)
———- ———-
Operating profit/ (loss) 7,172,751 (574,384)
Other income 358,030 2,085,350
Financial charges  (1,738,546) (2,149,441)
(Loss)/gain on revaluation of investments carried
At fair value through profit and loss account-net (16,384,880) 842,085
———- ———-
 (17,765,396) 777,994
 ———-  ———-
(Loss)/ Profit before Taxation (10,592,645) 203,610
Taxation (689,604) (47,031)
———-  ———-
(Loss)/ Profit after Taxation  (11,282,249) 156,579
Other comprehensive income
———- ———-
Total Comprehensive Income for the Period  (11,282,249) 156,579
———- ———-
Earnings per Share – Basic and Diluted  (0.1879) 0.0026

 

For more information, contact:
Muhammad Awais
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

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