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

Security 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 its meeting held at 6th floor, Madina City Mall, Abdullah Haroon road, Karachi on October 26, 2011 at 4:00 pm, recommended the following:

Cash Dividend     Nil
Bonus Shares      Nil
Right Shares      Nil

The financial results of the company are enclosed herewith.

Condensed Interim Profit and Loss Account (Unaudited) for the Nine Months Ended 30 September 2011

 

Nine Months Ended

Quarter Ended

September 30

September 30

September 30

September 30

2011

2010

2011

2010

Rupees

Rupees

Income
Income on financing and placements 6,807,474  4,246,083  1,612,987 1,232,177
Return on investments 33,056,857 44,491,916  10,920,575 15,332,942
Gain on sale of shares 3,415,870 15,822,132 1,952,878  10,759,573
Profit on deposit with banks 193,319 440,843 7,592 41,958
Other income 836,968  1,317,285 203,549 865,849
 ———- ———-  ———-  ———-
 49,310,488 66,318,259 14,697,581 28,232,499
Expenditure
Return on deposits and borrowings 26,108,066 39,878,928 ,144,467 11,455,875
Operating expenses 20,060,075  22,350,153 6,782,954 7,587,407
 ———- ———-  ———-  ———-
 46,168,141 62,229,081  14,927,421 19,043,282
———- ———-  ———-  ———-
Operating profit / (Loss) before tax  3,142,347 4,039,178 (229,840) 9,189,217
Provision for taxation 793,683 5,793,876 4,107,901
———-  ———-  ———-  ———-
Net Profit/ (Loss) after tax  3,936,030  9,883,054  (229,840) 13,297,118
 ———-  ———-  ———-  ———-
Earnings per share- basic and diluted  0.08 0.19 (0.00) 0.26

 

The annexed notes 1 to 13 from an integral part of these condensed interim financial statements.

 

For more information, contact:
Security Investment Bank Limited
6th Floor, Uni Towers, I.I. Chundrigar Road,
Karachi- 74000, Pakistan
Ph: (92-21) 32418410-13
Fax: (92-21) 32418414
E-mail: sibl@sibl.com.pk
Website: www.sibl.com.pk

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