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Monday, August 21st, 2017

KASB Securities Limited’s announcement-financial results of the company for the year ended December 31, 2012

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Karachi, March 15, 2013 (PPI-OT): We have to inform you that the Board of Directors of KASB Securities Limited (KASBSL) in their meeting held on March 15, 2013 at 3:00 pm at 5th floor, Trade Center I. I. Chundrigar Road Karachi has approved the financial results of the Company for the year ended December 31, 2012 and recommended the following.

Cash Dividend:

A final cash dividend of 5% for the year ended December 31, 2012 i.e. Rs.0.50 per share.

The Financial results of the Company for the year ended December 31, 2012 are enclosed herewith.

We will soon be sending you 300 copies of the printed financial statements of the Company for the aforesaid period for distribution amongst the members/ TREC holders of the Exchange.

The audited standalone financials of the Company for the year ended December 31, 2012 are as follows:

2012 2011
(Rupees in ‘000)
Operating revenue 313,853 194,252
Net gain/ (loss) on Investments at fair value
through profit or loss
Net gain/ (loss) on sale of equity Investments 25,322 (36,175)
Net unrealized gain/ (loss) on revaluation of Investments 386 (16,350)
——- ——-
25,708 (52,525)
Net gain/ (loss) on available-for-sale investments
Net gain on sale of investments 304 78,047
Impairment loss (28,001)
——- ——-
304 50,046
Dividend Income 776 7,791
Mark-up/ profit on bank deposits, Investments and other receivables 45,215 40,372
——- ——-
385,856 239,936
Operating and administrative expenses (323,617) (281,319)
Reversal of provision/ (Provision) against doubtful debts 33,454 (33,520)
——- ——-
(290,163) (314,839)
——- ——-
Operating profit/ (loss) 95,693 (74,903)
Finance cot (18,439) (69,774)
——- ——-
77,254 (144,677)
Other income 8,770 10,813
——- ——-
Profit/ (loss) before taxation 86,024 (133,864)
Taxation 45,372 (12,362)
——- ——-
Profit/ (loss) after taxation 131,396 (146,226)
(Rupees)
Earnings/ (loss) per share – basic and diluted 1.31 (1.46)

The consolidated financial results of the Company for the year ended December 31, 2012 are as follows:

2012 2011
(Rupees in ‘000)
Operating revenue 313,853 194,252
Net gain/ (loss) on investments at fair value
through profit or loss’
Net gain/ (loss) on sale of equity investments 25,322 (36,175)
Net unrealized gain/ (loss) on revaluation of investments 386 (16,350)
——- ——-
25,708 (52,525)
Net gain/ (loss) on available for sale investments
Net gain on sale of investments 304 20,218
Impairment loss (28,001)
——- ——-
304 (7,783)
Dividend income 778 7,791
Mark-up/ profit on bank deposits, investments and other receivables 45,468 40,842
——- ——-
386,109 182,577
Operating and administrative expenses (323,797) (284,304)
Reversal of provision/ (provision) against doubtful debts 33,454 (33,520)
——- ——-
(290,343) (317,824)
——- ——-
Operating profit/ (loss) 95,766 (135,247)
Finance cost (18,439) (69,774)
——- ——-
77,327 (205,021)
Other Income 8,770 10,813
——- ——-
Profit / (Loss) before taxation 88,097 (194,208)
Taxation 45,371 (12,372)
——- ——-
Profit/ (loss) after taxation 131,468 (206,580)
(Rupees)
Earnings/ (loss) per share-basic and diluted 1.31 (2.07)

For more information, contact:
Zia-ul-Haq
Company Secretary
KASB Securities Limited
Head Office-Karachi
9th Floor, Trade Centre
I. I. Chundrigar Road
Karachi-74200, Pakistan
UAN: +92 21 111 222 000
Fax: +92 21 3363 0202
URL: www.kasb.com
E-mail: kasbho@kasb.com

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