Adamjee Insurance Company Limited’s financial results for the year ended December 31, 2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on March 22, 2012 at 1:30 p.m. at AIC Office, 31-C-1, Ghalib Road, Gulberg-III, Lahore.

The financial results of the Company are as follows and also attached.

 

(Rs. in 000)

For the year ended

31-12-2011

31-12-2010

(Loss)/Profit before tax (41,968) 541,813
Provision for taxation 174,145 (57,682)
———– ———–
Profit after tax 132,177 484,131
———– ———–
Profit and loss appropriation account
Balance at the commencement of the year 8,599,321 8,520,042
Profit after tax for the year 132,177 434,131
Final dividend for the year ended December 31, 2010 @15% (185,557) (168,688)
(Rs. 1.50 per share) (2009: @15% (Rs. 1.50 per share)
Issue of bonus shares for the year ended 31 Dec, 2010: NIL - (112,459)
(2009: 10%)
Interim dividend @ 10% (Re.1/- per share) (123,705) (123,705)
(2010: Re.1/- per share
———– ———–
Balance – un-appropriated profit at the end of the year 8,422,236 8,599,321
———– ———–
Rupees Rupees
(Restated)
———– ———–
Earnings per share – basic and diluted 1.07 3.91

 

The Annual General Meeting of the Company will be held on Friday, April 27, 2012 at 11:00 a.m. at Islamabad.

The Share Transfer Books of the Company will be closed from April 21, 2012 to April 27, 2012 (both days inclusive).

We will be sending you 300 copies of printed accounts for distribution amongst the members of the Exchange.

For more information, Contact:
Adamjee Insurance Company Limited
Corporate Affairs,
6th Floor, Adamjee House,
I. I. Chundrigar Road,
Karachi- 74000, Pakistan.
UAN: (021) 111-242-111
Tel: (021) 32412623
Fax: (021) 32412627
Email: info@adamjeeinsurance.com
Web: www.adamjeeinsurance.com

Leave a Reply