DAWOOD EQUITIES LIMITED
Quarter Ended
March 31, 2023
( Un-Audited )
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DAWOOD EQUITIES LIMITED | |
Contents | Page |
Corporate Objective | 2 |
Our Vision | 2 |
Our Mission | 2 |
Company information | 3 |
Directors' Report | 4 |
............................................................................................... | . 5 |
Financial Statement | |
Condensed Interim Balance Sheet | 6 |
Condensed Interim Profit & Loss Account | 7 |
Condensed Interim Statement of Comprehensive Income | 8 |
Condensed Interim Statement of Cash Flow | 9 |
Condensed Interim Statement of Changes in Equity | 10 |
Notes to The Financial Statement | 11 |
DAWOOD EQUITIES LIMITED
Our Vision
Our vision is to be leader of "Brokerage industry" in Pakistan with a passion to endeavor maximum business opportunities. We strive to deliver results and perform to the highest standards.
Our Mission
Our mission is to become a competitive, dynamic and growing brokerage house that provides competitive services, identifies investment opportunities and developers research based data and information.
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DAWOOD EQUITIES LIMITED | ||
Company Information | ||
Board of Directors | Mr. Junaid Dada (Chairman) / (Independent Director) | |
Abdul Aziz Habib (Chief Executive) | ||
Mr. Khalid Yousuf (Non executive Director) | ||
Mr. Areeb Shujaat (Non executive Director) | ||
Ms. Sobia Saif (Non executive Director) | ||
Syed Muhammad Abbas (Independent Director) | ||
Mr. Saifullah (Non executive Director) | ||
Chief Financial officer & Company Secretary | Mr. Salman Yaqoob | |
Audit Committee | Syed Muhammad Abbas | Chairman |
Mr. Khalid Yousuf | Member | |
Ms. Sobia Saif | Member | |
HR & R Committee | Syed Muhammad Abbas | Chairman |
Abdul Aziz Habib | (Chief Executive) | |
Mr. Areeb Shujaat | Member | |
External Auditor | M. Yousuf Adil & Company (Chartered Accountants) | |
Internal Auditor | Reanda Haroon Zakaria & Company (Chartered Accountants) | |
Legal Advisor | Rauf & Ghaffar Law Associates | |
Bankers | Albaraka Bank (Pakistan) Limited | |
Bank Al Habib Limited | MCB Bank Limited | |
Habib Metropolitan Bank Limited | The Bank of Khyber | |
Bank Al Falah Limited | Bank Islami Pakistan Limited | |
United Bank Limited | Meezan Bank Limited | |
Website | www.dawoodequities.com | |
Registered Head Office | 17th Floor - Saima Trade Towers-A, | |
I.I. Chindrigar Road, Karachi. |
Phone No. 021-32271881-1883, Fax No. 021-32275086
PSX Registered Branch Office
PSX Branch-1
Room 409-410, 4th Floor, New Stock Exchange Building, Stock Exchange Road, Karachi. Phone No. 021-32418874, 32460744
Fax No. 021-32418873
PSX Branch-2
Room 806, 8th Floor, New Stock Exchange Building, Stock Exchange Road, Karachi.
Hyderabad Branch
Office No. 07, Mezzanine Floor, Auto Bhan Tower Auto, Auto Bhan Road, Latifabad No. 3, Hyderabad.
Tel: +92-22-3411027
Bantavangar Branch
Commercial Shop No. 2, Plot No. C-10,
Bantavanagar, Liquatabad, Karachi.
Contact no: 021-34920630.
Faisalabad Branch
5th Floor, State Life Building, Liaquat Road, Faisalabad.
PMEX Registered Branch Office
Sarghoda Branch
Office No. 134, First Floor, Al- Rehman Plaza
Unversity Road,Sarghoda
Faisalabad Branch
5th Floor, State Life Building, Liaquat Road, Faisalabad.
Share Registrar | F.D Registrar Services (Pvt) Ltd |
1705 17th Floor, Saima Trade Tower-A, | |
I.I. Chundrigar Road, Karachi. | |
Phone No. 021-35478192-93, 32271905 | |
Fax. 021-32621233 |
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DAWOOD EQUITIES LIMITED
DIRECTORS' REPORT TO THE MEMBERS
Dear Shareholders
On the behalf of Board of Directors of Dawood Equities Limited (DEL), we are pleased to present herewith the unaudited financial statements for the third quarter ended March 31, 2023.
FINANCIAL PERFORMANCE
During 9 month-FY23, the total revenue amounting to 51.67 million versus total revenue of PKR 88.21 million in the same period last year. Total revenue of DEL decreased as a result of lower activity / volumes at the stock exchange resulted in decrease in trading commission from individual and corporate clients as compared to same period last year. During the period, Administrative expenses increased by 5.26% as compared to the same period last year. The equity of your Company as at the balance sheet date is PKR 259.78 million which translates into book value per share of PKR 9.45.The summary of Financial Results is as follows:
March 31, 2023 | March 31, 2022 | |
Rupees | Rupees | |
Operating Revenue | 51,676,247 | 88,210,609 |
Operating Profit | 33,317,786 | 61,631,285 |
Administrative Expenses | 33,374,881 | 31,706,329 |
Profit / (Loss) after tax | (16,070,393) | 16,269,384 |
Earnings / (Loss) per share basic and diluted | (0.58) | 0.59 |
Junaid Dada | Abdul Aziz Habib |
Chairman | Chief Executive Officer |
Karachi: April 27, 2023 |
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Dawood Equities Ltd. published this content on 28 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2023 07:06:11 UTC.