Karachi: We have to inform you that the Board of Directors of First Dawood Investment Bank Limited (FDIBL) in their meeting held on Monday October 03, 2011 at 12:30 p.m. at 1900-B, Saima Trade Towers, I. I. Chundrigar Road., Karachi, recommended the following:
Cash Dividend Nil And/ Or
Bonus Shares Nil And/ Or
Right Shares Nil And/ Or
(5) Any Other Entitlement/Corporate Action Nil
And / Or
(5) Any Other Price-Sensitive Information Nil
The copies of profit and loss account and auditors report are enclosed.
The Annual General Meeting of First Dawood Investment Bank Limited will be held on Tuesday October 25, 2011 at 8:00 p.m. at 1900-B, Saima Trade Towers I.I. Chundrigar Road Karachi.
The Share Transfer Books of the Company will be closed from October 18, 2011 to October 25, 2011 (both days inclusive) the Transfer received at the Registrar Office, FD Registrar Services (SMC-Pvt) Ltd at 1108, 11th Floor, Trade Center, I. I. Chundrigar Road, Karachi at the close of business on October 18, 2011 will be treated in time for the purpose of above entitlement to the transferees.
Auditors’ Report to the Members
|Return on placement, finances, deposits and investments||32||76,282,837||161,220,336|
|(Loss) /gain on sale of securities-net||(1,688,667)||32,369,985|
|Income from long term finances||31,868,561||106,964,812|
|Loss on disposal of financial assets||(18,707,169)||–|
|Loss on disposal of investment in associate||–||(162,961)|
|Provisions /Changes in Fair Value|
|(Provision) / reversal for lease lease and doubtful recoveries||34||(49,427,259)||206,927,166|
|Provision for impairment||35||(30,509,886)||(5,501,389)|
|Deficit on revaluation of investment property||5,462,624||–|
|Deficit on remeasurement of held for trading securities||–||(75,329)|
|Share of profit / (loss) of associates||38||1,551,349||(36,373,779)|
|Profit before Taxation||12,904,696||234,253,201|
|(Loss)/ profit after taxation||(44,024,215)||377,676,221|
|(Loss)/earnings par share – basic – Rupees||40||(1.16)||6.03|
|(Loss) /earnings per share – diluted- Rupees||40||(0.33)||6.03|
The annexed notes from 1 to 50 form an integral part of these financial statements,
For more information, contact:
First Dawood Investment Bank Limited
19th Floor, Tower B,
Saima Trade Towers,
I.I Chundrigar Road, Karachi-74000.
Fax: (92-21) 3227-1912/3