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

Financial Results

Karachi, First Dawood Investment Bank Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on September 21, 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. 6,084,275 with earnings per share 0.041 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 20, 2021 to October 27, 2021 (both days inclusive).

First Dawood Investment Bank Limited was incorporated on June 22, 1994. First Dawood Investment Bank Limited was incorporated in Pakistan, as Dawood Leasing Company Limited. The company had obtained the licenses for Leasing Business and Investment and Finance Services from the Securities and Exchange Commission of Pakistan (SECP).

The total number of shares are 148,390,023. The Earnings per share is (0.43) in 2020 which was 0.20 in 2019. The Profit after Taxation of the Company is (63,409,000) in 2020 which was 29,336,000 in 2019.