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Adamjee Insurance Company Limited’s financial results for the year ended December 31, 2011

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Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on March 22, 2012 at 1:30 p.m. at AIC Office, 31-C-1, Ghalib Road, Gulberg-III, Lahore.

The financial results of the Company are as follows and also attached.


(Rs. in 000)

For the year ended



(Loss)/Profit before tax(41,968)541,813
Provision for taxation174,145(57,682)
Profit after tax132,177484,131
Profit and loss appropriation account
Balance at the commencement of the year8,599,3218,520,042
Profit after tax for the year132,177434,131
Final dividend for the year ended December 31, 2010 @15%(185,557)(168,688)
(Rs. 1.50 per share) (2009: @15% (Rs. 1.50 per share)
Issue of bonus shares for the year ended 31 Dec, 2010: NIL(112,459)
(2009: 10%)
Interim dividend @ 10% (Re.1/- per share)(123,705)(123,705)
(2010: Re.1/- per share
Balance – un-appropriated profit at the end of the year8,422,2368,599,321
Earnings per share – basic and diluted1.073.91


The Annual General Meeting of the Company will be held on Friday, April 27, 2012 at 11:00 a.m. at Islamabad.

The Share Transfer Books of the Company will be closed from April 21, 2012 to April 27, 2012 (both days inclusive).

We will be sending you 300 copies of printed accounts for distribution amongst the members of the Exchange.

For more information, Contact:
Adamjee Insurance Company Limited
Corporate Affairs,
6th Floor, Adamjee House,
I. I. Chundrigar Road,
Karachi- 74000, Pakistan.
UAN: (021) 111-242-111
Tel: (021) 32412623
Fax: (021) 32412627


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