Financial results of First National Equities Limited for Quarter ended December 31, 2022

Karachi, First National Equities Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on February 28, 2023.

The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2022 which portrayed a loss of Rs. 30,956,193 with earnings per share 0.12 basic and diluted respectively.

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

First National Equities Limited was incorporated in February 1995 and enlisted on Pakistan Stock Exchange Limited in 2004 with a trade symbol of ‘FNEL’. The company is engaged in the business of Brokerage, consultancy services and Portfolio Investments.

The shares of the Company are 267,286,331. The Earnings per shares of the Company is 0.43 in 2020 which was 1.86 in 2019. Their Profit after Taxation is 113,881,000 in 2020 which was 497,904,000 in 2019.