Dawood Equities : Transmission of Quarterly Report for the Period Ended March 31 2022
April 28, 2022 at 01:46 pm IST
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DIRECTORS' REPORT TO THE MEMBERS
Dear Shareholders
On the behalf of Board of Directors of Dawood Equities Limited (DEL), we are pleased to present herewith the unaudited financial statements for the third quarter ended March 31, 2022.
FINANCIAL PERFORMANCE
The Company earned core operating revenue of Rs.88.2 million as compare to Rs. 101.18 million of the previous comparable period. Total revenue of DEL decreased as a result of lower activity / volumes at the stock exchange resulted in decrease in trading commission from individual and corporate clients as compared to same period last year. The company's profit after tax arrived at Rs. 16.26 million as compared to a profit of 41.99 million in the corresponding period last year translating to earnings per share of Rs.0.59.
The equity of your Company as at the balance sheet date is PKR 290.9 million which translates into book value per share of PKR 10.58. The summary of Financial Results is as follows:
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Dawood Equities Ltd. published this content on 28 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2022 08:14:14 UTC.
Dawood Equities Limited is a Pakistan-based stock brokerage company. The Company's principal business is trading and brokerage of listed equities, underwriting and other investments. The Company offers a range of services, which include equity brokerage, underwriting of shares, commodity trading, shares custodian and allied services, assistance in respect of portfolio risk management, research report, daily market view, customized solution, financial and economic research, online trading, mobile trading, free trade-based SMS facility, daily email confirmation, trading recommendation, multi-channel order placement, and confidentiality on all customer transactions. It is also engaged in providing research reports through a team of research analysts. The Company also offers other services, such as review of individual corporate entities, review of performance of sectors, review of capital markets, participation in the initial public offering, acting as underwriting arranger and others.