TPL Direct Insurance Limited’s financial results for the year ended 31 December 2012
Karachi, March 18, 2013 (PPI-OT): We have to inform you that the Board of Directors of TPL Direct Insurance Limited (TDIL) in their meeting held on 18th March 2013 at 11 a.m. at 39-K, Block -6, PECHS, Karachi recommended the following:
(i) Cash Dividend – Nil
(ii) Bonus Shares – Nil
(iii) Right Shares – Nil
(iv) Any Other Entitlement/ Corporate Action – Nil
(v) Any Other Price-Sensitive Information
The Annual results of the Company for the year ended 31st December 2012 are enclosed to this letter.
The Annual General Meeting of the Company is proposed to be held on 18th April 2013 at 11 a.m. subject to approval by Karachi Stock Exchange.
We will be sending you 300 copies of printed accounts for distribution amongst the members of the Exchange, 21 days before AGM and the same will be placed on our website www.tplinsurance.com.
The Share Transfer Books of the Company will be closed from 9th April 2013 to 18th April 2013 (both days inclusive). Transfers should be received at the office of our registrar M/S THK Associates (Pvt.) Limited, Ground Floor, State Life Building No. 3, Dr. Ziauddin Ahmed Road, Karachi at the close of business on 8th April 2013.
Profit and Loss Account for the Year Ended 31 December 2012
|Net premium revenue||609,372,576||10,481,645||619,854,221||453,631,751|
|General and administrative expenses||76,443,905||33,161,106|
|Profit before tax||———–|
|Provision for taxation-net||62,193,117||42,813,814|
|Profit after tax||———–||———–|
|Other comprehensive income||42,707,662||29,777,112|
|Total comprehensive income for the year||———–||———–|
|Profit and loss appropriation account||———–||———–|
|Balance at the commencement of the year|
|Profit after tax for the year||(84,716,290)||(114,493,402)|
|Cash dividend for the year ended 31 December 2011||42,707,662||29,777,112|
|at Rs. 0.5 per share (2010: Rs. Nil per share)|
|Balance of accumulated losses at the end of the year||———–||———–|
|Earnings per share-basic and diluted||———–||———–|
For more information, contact:
CFO/ Company Secretary
TPL Direct Insurance Limited
Karachi Head Office: 172-B Tariq Road,
2nd floor, Najeeb Centre, Karachi?
Tel: (021) 3432-2555
Tel: (021) 111-000-301
Fax: (021) 3432-2515