RISING | ||
ALL | ABOVE | |
CHALLENGES |
QUARTERLY
REPORT 2023
Contents
02 | 08 |
Company Information | Condensed Interim |
Cash Flow Statement | |
03 | 09 |
Director's Review - Report | Condensed Interim |
Statement of Changes in Equity | |
05 | 10 |
Auditor's Review Report | Notes to the Financial Statement |
06 | 16 |
Condensed Interim | Pattern of Shareholding |
Statement of Financial Position | |
07 | |
Condensed Interim | |
Statement of Profit or Loss | |
and Other Comprehensive Income |
Company Information
Board of Directors | Mr. Murad Ansari - Chairman | |
Mr. Mohamed Ebeid - Director | ||
Mr. Fayyaz Ilyas - Director | ||
Ms. Sarah Maja - Director | ||
Mr. Freyan Byram Avari - Director | ||
Mr. Johannes Gunnell - Director | ||
Mr. Saad Iqbal - CEO & Director | ||
Audit Committee | Mr. Johannes Gunnell - Chairman | |
Mr. Fayyaz Ilyas - Member | ||
Ms. Sarah Maja - Member | ||
Mr. Freyan Byram Avari - Member | ||
HR & R Committee | Mr. Freyan Byram Avari - Chairman | |
Mr. Mohamed Ebeid - Member | ||
Ms. Sarah Maja - Member | ||
Company Secretary | Mr. Shahid Kamal | |
Chief Financial Officer | Mr. Ahmad Zakir Hafeez | |
Auditors | M/s. Riaz Ahmad, Saqib, Gohar & Company Chartered Accountants | |
5-Nasim, C.H.S. Major Nazir Bhatti Road, | ||
Off: Shaheed-e-Millat Road, Karachi, Pakistan. | ||
Legal Advisor | M/s. Mohsin Tayebaly & Co. (MTC) | |
1st Floor, Dime Centre, BC-4, Block 9, Kehkshan, | ||
Clifton, Karachi, Pakistan. | ||
Share Registrar | M/s. F. D. Registrar Services (Pvt.) Limited | |
Office No. 1705-A, 17th Floor, Saima Trade Tower, | ||
I.I. Chundrigar Road, Karachi, Pakistan. | ||
Bankers | MCB Bank Limited | |
Bank Alfalah Limited | ||
Askari Bank Limited | ||
United Bank Limited | ||
Allied Bank Limited | ||
Bank Al Habib Limited | ||
Habib Metropolitan Bank Limited | ||
Standard Chartered Bank Limited | ||
Habib Bank Limited | ||
JS Bank Limited | ||
Meezan Bank Limited | ||
Registered Office | Office No. 904, 9th Floor, Emerald Tower, | |
Plot No. G-19,Block-5, Clifton, Karachi, Pakistan | ||
Lahore Branch | 319 Siddiq Trade Centre, 72 Main Boulverad, | |
Gulberg, Lahore, Pakistan | ||
Website | www.efghermespakistan.com |
E F G H e r m e s Q u a r t e r l y R e p o r t 2 0 2 3 | 02 |
Directors' Review
BEGIN IN THE NAME OF ALLAH
THE MOST GRACIOUS AND MERCIFUL
Dear Member(s)
Assalam-o-Alykum!
I, on behalf of Board of Directors of your Company, am pleased to present herewith un-audited condensed interim financial statements of the Company for the first quarter ended March 31, 2023.
Operational Results
During the first quarter of the financial year, the Company earned operating revenues of Rs. 40.657 million compared to Rs. 45.488 million for the corresponding period. Before and after tax losses stood at Rs. (22.899) million and Rs. (25.938) million respectively compared to before and after tax losses Rs. (7.656) million and Rs. (10.927) million respectively for the same period last year. The basic and diluted loss per share for the quarter is Rs. (1.30) compared to loss per share Rs. (0.55) for the same period during last year.
In conclusion, we pray to almighty Allah for his blessings, guidance, health and prosperity to us, our Company, Country and Nation.
For and on behalf of the Board of Directors
Karachi, April 27, 2023
E F G H e r m e s Q u a r t e r l y R e p o r t 2 0 2 3 | 03 | |
2023
45.488 | 40.657 | |
(25.938) | (22.899) |
(1.30) (10.927)(7.656)(0.55)
2023 27
E F G H e r m e s Q u a r t e r l y R e p o r t 2 0 2 3 | 04 | |
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Efg Hermes Pakistan Ltd. published this content on 02 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 May 2023 08:25:10 UTC.