Financial results of Hallmark Insurance Company Limited for Quarter ended March 31, 2023

Karachi, Hallmark Insurance Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 12, 2023.

The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2023 which portrayed a loss of Rs. 1,396,270,000 with loss per share 2.79 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 April 06, 2023 to April 12, 2023 (both days inclusive).

Hallmark Company Limited (formerly “Hallmark Insurance Company Limited”) was incorporated as a Public Limited Company on 31 October 1981. The Company was engaged in general insurance business.

The total numbers of shares are 500,000. The earnings per share is 0.48 in 2021 which was 0.77 in 2020. The Profit after taxation is 239,000 in 2021 which was 383,000 in 2020.