Dawood Equities Limited’s financial results for the year ended June 30, 2011.

Karachi: We have to inform you that the Board of Directors of Dawood Equities Limited (DEL) in their meeting held on Thursday, September 29, 2011 at 12:00 noon at 11th Floor Trade Center, I.I. Chundrigar Road. Karachi, recommended the following:

(1) Cash Dividend                                    Nil

And/ Or

(2) Bonus Issue                                      Nil

And/ Or

(3) Right Shares                                     Nil

And/ Or

(4) Any Other Entitlement/Corporate Action           Nil

And/ Or

(5) Any Other Price Sensitive Information            Nil

The Financial Results of the company is enclosed.

Profit and Loss Account for the Year Ended June 30, 2011

 

2011

2010

Note

Rupees

Rupees

Operating revenue204,263,1497,547,411
Capital gain on disposal of investments – net211,923,1393,470,647
Loss on remeasurement of investments carried at fair value through profit and loss22(996,440)(4,733,980)
 ———-———-
5,189,8486,284,078
Administrative expenses23 (10,842,782)(11,091,206)
———-———-
(5,652,934) (4,807,128)
Financial charges24(43,441)(370,940)
———-———-
(5,696,375) (5,178,068)
Other operating income25514,461623,639
Other operating charges26(44,666,936)(40,524,648)
 ———-———-
Loss before taxation(49,848,850)(45,079,077)
Taxation27(246,431) (619,602)
———-———-
Loss after taxation(50,095,281)(45,698,679)
 ———-———-
Loss per share – Basic and diluted28(2.00) (1.83)

 

The annexed notes form an integral part of these statements.

For more information, contact:
Dawood Equities Limited
1700-A Saima Trade Towers,
I.I. Chundrigar Road, Karachi-74000
Tel: (92-21) 3227-5256-58,
Fax: (92-21) 3227-5255