Hallmark Insurance Company Limited’s financial results for the quarter ended June, 2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on July 31, 2011 at 10:00 A.M at 1001, 10th floor, Uni center I.I. Chundrigar Road. Karachi.

Auditors’ review report is in process and to be submitted in due course of time, whereas, Income statement for the half year ended June, 30 2011 is enclosed for your consideration. A glance of financial results of the Company for that period ended are as follows:

 

Business ConductedNIL
Loss before taxationRs. (62,110)
TaxationNIL
Loss after taxationRs. (62,110)
Loss per sharePs. (0.12)

 

The Share Transfer Books of the Company will not be closed and all transfers received will be treated in time for the purpose of the transfer.

Hallmark Insurance Company Limited

Condensed Interim Profit and Loss Account

For the quarter and half year ended June 30, 2011 (Unaudited)

 

(all amount in PKR)
Revenue AccountNoteFire and

Property

Marine

Aviation and Motor

Transport

Others

including

Miscellaneous

Quarter

Ended

June 30,

2011

Quarter

Ended

June 30,

2010

Net premium revenue--- ---
Less: Net claims------
Less: Expenses------
Less: Net commission------
Underwriting Result------
Operating Expenses
General and Administration Expenses----(10,000)(12,465)
(Loss) Before Taxation----(10,000)(12,465)
Taxation
Taxation------
(Loss) After Taxation----(10,000)(12,465)
(Loss) Per Share(0.02)(0.02)

 

Revenue AccountNoteFire and

Property

Marine

Aviation and Motor

Transport

Others

including

Miscellaneous

Half Year

Ended

June 30,

2011

Half Year

Ended

June 30,

2010

Net premium revenue------
Less: Net claims------
Less: Expenses------
Less: Net commission------
Underwriting Result------
Operating Expenses
General and Administration Expenses----(62,110)(64,224)
(Loss) Before Taxation----(62,110)(64,224)
Taxation
Taxation
(Loss) After Taxation----(62,110)(64,224)
Profit and Loss Appropriation Account
Balance at the commencement of the period----(4,885,316)(4,400,341)
(Loss) after taxation for the period----(62,110)(64,224)
Balance unappropriated (loss) at the end of the period----(4,947,426)(4,464,565)
(Loss) per Share(0.12)(0.13)

 

For more information, contact:
Company Secretary
Hallmark Insurance Company Limited
Suite # 1001, Uni Centre,
10th Floor, I.I. Chundrigar Road,
Karachi, Pakistan.
Tel: +9221 32414419
Fax: +9221 32416288
Email: hallmark@bizcorei.com