Financial results of First Credit and Investment Bank Limited for Year ended June 30, 2021

Financial Results

Karachi, First Credit and Investment Bank Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on September 25, 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. 20,534,961 with earnings per share 0.32 basic and diluted respectively.

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

Furthermore, the share transfer books of the company will remain closed from October 18, 2021 to October 26, 2021 (both days inclusive).

First Credit and Investment Bank Limited was incorporated on August 31, 1989 as a Private Company Limited with its Liability Limited by shares and was subsequently converted into a Public Company.

The Investment Bank is licensed to undertake business of investment finance services as a Non‐Banking Finance Company under the Non‐Banking Finance Companies Rules, 2003 issued by the Securities and Exchange Commission of Pakistan (SECP).

The Shares of the Company are 65,000,000. The Earnings per shares of the company is 0.44 in 2020 which was 0.15 in 2019. Their Profit after Taxation is 28,703,000 in 2020 which was 9,517,000 in 2019.