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.