Financial results of Dawood Equities Limited for Year ended June 30, 2021

Financial Results

Karachi, Dawood Equities Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on September 24, 2021.

The agenda of the meeting was discussion of profit and loss account for Year ended June 30, 2021 which portrayed a profit of Rs. 41,533,967 with earnings per share 1.66 basic and diluted respectively.

Further, nil payment of cash dividend, 10%bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from October 11, 2021 to October 25, 2021 (both days inclusive).

Dawood Equities Limited was incorporated on May 3, 2006 as public limited company. DEL commenced commercial operations from October 03, 2006. DEL is also registered under the Securities and Exchange Commission of Pakistan as a broker. The Company’s principal business is trading and brokerage of listed equities, underwriting and other investments.

The total shares of the Company are 25,000,000. The Earnings per share is 0.32 in 2020 which was 0.02in 2019. Their Profit after Taxation is 8,104,000 in 2020 which was 480,000 in 2019.