The Ittefaq General Insurance Company Limited’s financial results for the 2nd quarter ended 30-06-2011

Karachi: We have to inform you that Board Directors of the Company in their meeting held on Tuesday the 30, August, 2011 at Companys registered office situated at Islamabad, have recommended the following;

 

(i) Cash Divident                                  Nil

(ii) Bonus Shares                                  Nil

(iii) Right Shares                                 Nil

(iv) Any other entitlement / corporate action      Nil

(v) Any other price-sensitive information          Nil

 

The financial results of the Company are enclosed herewith for the information of the members.

 

The Ittefaq General Insurance Company Limited

Condensed Interim Profit and Loss Account – Unaudited

For the Half Year Ended June 30, 2011

 

Half Year Ended

Half Year Ended

June 30, 2011June 30, 2010 June 30, 2011June 30, 2010
 NoteRupeesRupeesRupeesRupees
Revenue Account ----
Net claims--- -
Management expenses----
Premium deficiency expenses -- --
 —————— ——— ———
Underwriting result- ---
——— —————————
Investment income33128,800-14,400
General and administrative expenses8(44,498) (241,023)(17,771)(80,627)
————————————
Loss before taxation(44,167) (212,223)(17,771) (66,227)
Provision for taxation-- - -
 ——— ——— ——————
Loss after tax(44,167) (212,223)(17,771)(66,227)
 —————— ——————
Profit and loss appropriation account
Balance at the commencement of period (1,677,451) (1,107,935)(1,703,847)(1,253,931)
Loss after tax for the period (44,167)(212,223)(17,771)(66,227)
—————— ——— ———
Accumulated losses at the half year and quarter end(1,721,618) (1,320,158) (1,721,618)(1,320,158)
——— —————————
Loss per share – basic and diluted (0.04) (0.21) (0.02) (0.07)

 

The annexed notes 1 to 8 form an integral part of the consended interim financial information.

 

For More Information contact:
The Ittefaq General Insurance Company Limited
H-25,Murree Road
Rawalpindi -Pakistan
Tel:5771333,5771929