FIRST
QUARTER
REPORT
2023
Contents
- Company Information
- Directors' Report to the Shareholders on Unconsolidated Condensed Interim Financial Statements
- Unconsolidated Condensed Interim Financial Statements
17 Directors' Report to the Shareholders on Consolidated Condensed Interim Financial Statements
- Consolidated Condensed Interim Financial Statements
- Shareholder's Information
- Pattern of Shareholding
- Directors' Report to the Shareholders on Consolidated Condensed Interim Financial Statements (Urdu)
- Directors' Report to the Shareholders on Unconsolidated Condensed Interim Financial Statements (Urdu)
IGI Holdings | Quarterly Report March 2023 | Page 1 of 40 |
Company Information
Board of Directors
Syed Babar Ali (Chairman)
Mr. Shamim Ahmad Khan
Syed Yawar Ali
Syed Shahid Ali
Syed Hyder Ali
Ms. Faryal Jooma
Ms. Faryal Sadiq
Mr. Tahir Masaud
Chief Executive Officer
Mr. Tahir Masaud
Chief Financial Officer
Syed Awais Amjad
Company Secretary
Ms. Nadia Hussain
Head of Internal Audit
Mr. Shahzeb Haider
Audit Committee
Ms. Faryal Jooma (Chairperson)
Mr. Shamim Ahmad Khan
Syed Yawar Ali
Syed Hyder Ali
Ms. Nadia Hussain (Secretary)
Human Resources & Remuneration Committee
Ms. Faryal Jooma (Chairperson)
Syed Yawar Ali
Syed Shahid Ali
Syed Hyder Ali
Mr. Tahir Masaud
Ms. Nadia Haider (Secretary)
Bankers
Allied Bank Limited
Bank Al Habib Limited
Bank Alfalah Limited
Faysal Bank Limited
Habib Bank Limited
MCB Bank Limited
National Bank of Pakistan
Soneri Bank Limited
Standard Chartered Bank (Pakistan) Limited
Summit Bank Limited
State Bank of Pakistan
United Bank Limited
Auditors
A.F. Ferguson & Co.
Chartered Accountants
Legal Advisors
Access World Law Company
Altaf and Altaf Advocates.
Fazleghani Advocates
Haidermota & Co.
Hassan & Hassan Advocates
Jurists & Arbitrators Advocates & Consultants
Lexicon Law Firm
Mohsin Tayebaly & Co.
Mughees Law Associates
Orr, Dignam & Co.
Share Registrar
FAMCO Associates (Pvt.) Limited 8-F, Next to Hotel Faran, Nursery, Block-6, P.E.C.H.S Shahrah-e-Faisal, Karachi.
Registered & Head Office
7th Floor, The Forum, Suite Nos.701-713,G-20, Block 9, Khayaban-e-Jami, Clifton, Karachi-75600, Pakistan www.igiholdings.com.pk
Contact
UAN: 111-308-308
Fax: 92-21-35301706
IGI Holdings | Quarterly Report March 2023 | Page 2 of 40 |
Directors' Report to the Shareholders on Unconsolidated Condensed Interim financial statements
The Directors of your Company take pleasure in presenting the report for the first quarter ended March 31, 2023 together with the unconsolidated condensed interim financial information (un-audited).
Company performance review
---- Rupees in thousands ---
Operating revenue Profit before taxation Taxation
Profit after taxation
Earnings per share (in rupees)
Quarter ended March 31, 2023
200,000
130,452
(265)
130,187
0.91
Quarter ended March 31, 2022
500,790
449,748
(601)
449,147
3.15
The Company has earned operating income of Rs 200 million during the period as compared to Rs 501 million during corresponding period of 2022 and profit after tax of Rs 130 million compared to profit after tax of Rs 449 million during corresponding period of 2022. Earnings per share for the period stood at Rs 0.91 compared to Rs 3.15 for corresponding period of 2022.
IGI Holdings is operating as a holding company, its performance would be determined by the financial performance of its subsidiaries, which in turn, would be influenced by the general economic environment and performance of the investee companies.
We value the support and patronage received from our business partners and all stakeholders.
For and on behalf of the Board
___________________ | ____________________ |
Syed Babar Ali | Tahir Masaud |
Chairman | Chief Executive Officer |
Karachi: April 27, 2023 | Karachi: April 27, 2023 |
IGI Holdings | Quarterly Report March 2023 | Page 3 of 40 |
Unconsolidated
Condensed Interim Financial Statements for the quarter ended March 31, 2023
IGI Holdings | Quarterly Report March 2023 | Page 4 of 40 |
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IGI Holdings Ltd. published this content on 02 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 May 2023 04:35:10 UTC.