Home / Financial Results / IGI Investment Bank Limited’s financial results for the quarter ended September 30, 2011

IGI Investment Bank Limited’s financial results for the quarter ended September 30, 2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held at 3:30 p.m. on Wednesday, October 26, 2011, at our Karachi Office has approved the Condensed Interim Financial Statements for the quarter ended September 30, 2011, the profit and loss account of which is reproduced as follows:

Profit and Loss Account for the Quarter Ended September 30, 2011

 

Quarter ended

Sep 30,

Sep 30,

2011

2010

Rupees in ‘000

Income
Income from investments 188,733 169,892
Income from loans and advances  6,784  18,969
Income from lease finance  6,230  23,381
Income from lendings – secured 18,183 20,158
Income from fees, commission and brokerage 8,798 4,402
——- ——-
228,728 236,802
Finance costs 204,401 184,550
——-  ——-
 24,327 52,252
Administrative and general expenses  34,425 44,749
 ——-  ——-
 (10,098) 7,503
Other operating income 2,815 4,498
 ——-  ——-
 (7,283) 12,001
Other operating expenses  688 1,512
 ——- ——-
Operating profit / (loss) before provisions (7,971) 10,489
Provision for bad and doubtful loans and advances / lease losses – general – net  –
Provision for bad and doubtful loans and advances / lease losses – specific – net  (16,705)  –
 ——-  ——-
 (16,705)  –
 ——-  ——-
Profit before taxation  (24,676)  10,489
Taxation- net  (4,562)  (1,561)
  ——-  ——-
Profit after taxation  (29,238) 8,928
 ——-  ——-
Other comprehensive income – net of tax  –
 ——- ——-
Total comprehensive income / (loss) – net of tax (29,238) 8,928
 ——-  ——-
Earnings / (loss) per share – Basic   (0.14)  0.04

 

Cash Dividend

Nil

Bonus Issue

Nil

For more information, contact:
Abdul Qadir
Company Secretary
IGI Investment Bank Limited
7th Floor, The Fortune, Suite No. 701-713,
G,-20, Block-9, Khayaban-e-Jami, Clifton,
Karachi-75600, Pakistan.
Tel: 111 234 234
Fax: 111 567 567

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