Dawood Equities : Transmission of Quarterly Report for the Period Ended March 31 2022

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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:

March 31, 2022 Rupees	March 31, 2021 Rupees
Operating Revenue	88,210,609	101,185,678
Operating Profit	61,631,285	64,967,767
Administrative Expenses	31,706,329	26,861,614
Profit / (Loss) after tax	16,269,384	41,993,750
Earnings per share basic and diluted	0.59	1.53 (Restated)

Junaid Dada Chairman

Abdul Aziz Habib Chief Executive Officer

Karachi: April 27, 2022

    202231(DEL)      DEL88.2101.18 0.5916.2641.99/ 10.58290.9       

 202131	202231
101,185,678	88,210,609	
64,967,767	61,631,285	
26,861,614	31,706,329	  
41,993,750	16,269,384	/
 1.53	0.59	

  

  202227