KASB Securities Limited’s Financial Results for the Second Quarter and Half Year Ended June 30, 2011
Karachi: We have to inform you that (the Board of Directors of KASB Securities Limited (KASBSL) in their meeting held on August 25, 2011 at the 11:00 am, at the 5th floor, Trade Centre, I.I .Chundrigar Road, Karachi has approved the financial results of the Company for the Second quarter and Half Year Ended June 30, 2011 and recommended a NIL payout.
The Unaudited financial results of the Company for the afore-said period are as follows:
Half year ended |
Quarter ended |
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30 June |
30 June |
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2011 |
2010 |
2011 |
2010 | |
(Rupees in ‘000’) |
||||
Operating revenue | 99,665 | 154,607 | 45,243 | 83,824 |
Gain on sale of investments – net | 26,909 | 20,839 | 3,541 | 8,011 |
Dividend income | 4,433 | 6,278 | 1,661 | 962 |
Net unrealised loss on remeasurement of
Investments at fair value through profit or loss |
(17,632) | (962) | (22,413) | (13,774) |
Other operating revenue | 26,708 | 24,227 | 13,833 | 16,292 |
——- | ——- | —— | —— | |
140,083 | 204,989 | 41,865 | 95,315 | |
Operating and administrative expenses | (152,185) | (145,454) | (73,640) | (73,159) |
(Provision)/ reversal for doubtful debts | (12,949) | 2,845 | (1,578) | (17,830) |
Impairment loss on available-fore-sale investments | (22,241) | (35,648) | (22,241) | (6,670) |
——- | ——- | —— | —— | |
Operating (loss) / profit | (47,292) | 26,732 | (55,594) | (7,344) |
Finance cost | (40,504) | (35,968) | (19,492) | (18,069) |
——- | ——- | —— | —— | |
(87,796) | (9,236) | (75,086) | (25,413) | |
Other income | 13,550 | 6,919 | 8,809 | 3,324 |
——- | ——- | —— | —— | |
Loss before taxation | (74,246) | (2,317) | (66,277) | (22,089) |
Taxation | ||||
Current | (4,173) | (10,820) | (2,034) | (6,143) |
Deferred | 581 | 1,654 | 269 | 625 |
——- | ——- | —— | —— | |
(3,592) | (9,166) | (1,765) | (5,518) | |
——- | ——- | —— | —— | |
Loss after taxation | (77,838) | (11,483) | (68,042) | (27,607) |
——- | ——- | —— | —— | |
(Rupees) |
||||
Loss per share basic and diluted | (0.78) | (0.11) | (0.68) | (0.28) |
The Unaudited Consolidated financial results of the Company for the afore-said period are as follows:
Half year ended |
Quarter ended |
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30 June |
30 June |
|||
2011 |
2010 |
2011 |
2010 |
|
(Rupees in ‘000’) |
||||
Operating Revenue | 99,665 | 154,607 | 45,243 | 83,824 |
Gain on sale of investments-net | 26,909 | 20,839 | 3,541 | 8,011 |
Dividend income | 4,433 | 6,278 | 1,661 | 962 |
Net unrealised loss on remeasurement of
Investments at fair value through profit or loss |
(17,632) | (962) | (22,413) | (13,774) |
Other operating revenue | 27,091 | 24,227 | 14,041 | 16,292 |
——- | ——- | —— | —— | |
140,466 | 204,989 | 42,073 | 95,315 | |
Operating and administrative expenses | (153,193) | (145,454) | (73,110) | (78,159) |
(Provision) / reversal of provision for doubtful debts | (12,949) | 2,845 | (1,578) | (17,830) |
Impairment loss on available-for-sale investments | (22,241) | (35,648) | (22,241) | (6,670) |
——- | ——- | —— | —— | |
Operating (loss)/ profit | (47,917) | 26,732 | (54,856) | (7,344) |
Finance cost | (40,504) | (35,968) | (19,492) | (18,069) |
——- | ——- | —— | —— | |
(88,421) | (9,236) | (74,348) | (25,413) | |
Other income | 13,550 | 6,919 | 8,809 | 3,324 |
——- | ——- | —— | —— | |
Loss before taxation | (74,871) | (2,317) | (65,539) | (22,089) |
Taxation | ||||
Current | (4,177) | (l0,820) | (2,036) | (6, 143) |
Deferred | 581 | 1,654 | 269 | 625 |
——- | ——- | —— | —— | |
(3,596) | (9,166) | (1,767) | (5,518) | |
——- | ——- | —— | —— | |
Loss after taxation | (78,467) | (11,486) | (67,306) | (27,607) |
——- | ——- | —— | —— | |
(Rupees) |
||||
Loss per share-basic and diluted | (0.78) | (0.11) | (0.67) | (0.28) |
For more information, contact:
KASB Securities Limited
5th Floor, Trade Centre,
I.I. Chundrigar Road,
Karachi-74200,
Pakistan.
UAN: +92 21 111 535 535
Fax: +92 21 3262 4635