Dawood Equities : Transmission of Quarterly report for the period ended March 31 2023

DAWOOD EQUITIES LIMITED

Quarter Ended

March 31, 2023

( Un-Audited )

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2023

DAWOOD EQUITIES LIMITED
Contents	Page
Corporate Objective	2
Our Vision	2
Our Mission	2
Company information	3
Directors' Report	4
...............................................................................................	. 5
Financial Statement
Condensed Interim Balance Sheet	6
Condensed Interim Profit & Loss Account	7
Condensed Interim Statement of Comprehensive Income	8
Condensed Interim Statement of Cash Flow	9
Condensed Interim Statement of Changes in Equity	10
Notes to The Financial Statement	11

DAWOOD EQUITIES LIMITED

Our Vision

Our vision is to be leader of "Brokerage industry" in Pakistan with a passion to endeavor maximum business opportunities. We strive to deliver results and perform to the highest standards.

Our Mission

Our mission is to become a competitive, dynamic and growing brokerage house that provides competitive services, identifies investment opportunities and developers research based data and information.

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DAWOOD EQUITIES LIMITED
Company Information
Board of Directors	Mr. Junaid Dada (Chairman) / (Independent Director)
	Abdul Aziz Habib (Chief Executive)
	Mr. Khalid Yousuf (Non executive Director)
	Mr. Areeb Shujaat (Non executive Director)
	Ms. Sobia Saif (Non executive Director)
	Syed Muhammad Abbas (Independent Director)
	Mr. Saifullah (Non executive Director)
Chief Financial officer & Company Secretary	Mr. Salman Yaqoob
Audit Committee	Syed Muhammad Abbas	Chairman
	Mr. Khalid Yousuf	Member
	Ms. Sobia Saif	Member
HR & R Committee	Syed Muhammad Abbas	Chairman
	Abdul Aziz Habib	(Chief Executive)
	Mr. Areeb Shujaat	Member
External Auditor	M. Yousuf Adil & Company (Chartered Accountants)
Internal Auditor	Reanda Haroon Zakaria & Company (Chartered Accountants)
Legal Advisor	Rauf & Ghaffar Law Associates
Bankers	Albaraka Bank (Pakistan) Limited
Bank Al Habib Limited	MCB Bank Limited
Habib Metropolitan Bank Limited	The Bank of Khyber
Bank Al Falah Limited	Bank Islami Pakistan Limited
United Bank Limited	Meezan Bank Limited
Website	www.dawoodequities.com
Registered Head Office	17th Floor - Saima Trade Towers-A,
	I.I. Chindrigar Road, Karachi.

Phone No. 021-32271881-1883, Fax No. 021-32275086

PSX Registered Branch Office

PSX Branch-1

Room 409-410, 4th Floor, New Stock Exchange Building, Stock Exchange Road, Karachi. Phone No. 021-32418874, 32460744

Fax No. 021-32418873

PSX Branch-2

Room 806, 8th Floor, New Stock Exchange Building, Stock Exchange Road, Karachi.

Hyderabad Branch

Office No. 07, Mezzanine Floor, Auto Bhan Tower Auto, Auto Bhan Road, Latifabad No. 3, Hyderabad.

Tel: [phone]

Bantavangar Branch

Commercial Shop No. 2, Plot No. C-10,

Bantavanagar, Liquatabad, Karachi.

Contact no: 021-34920630.

Faisalabad Branch

5th Floor, State Life Building, Liaquat Road, Faisalabad.

PMEX Registered Branch Office

Sarghoda Branch

Office No. 134, First Floor, Al- Rehman Plaza

Unversity Road,Sarghoda

Faisalabad Branch

5th Floor, State Life Building, Liaquat Road, Faisalabad.

Share Registrar	F.D Registrar Services (Pvt) Ltd
	1705 17th Floor, Saima Trade Tower-A,
	I.I. Chundrigar Road, Karachi.
	Phone No. 021-35478192-93, 32271905
	Fax. [phone]

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DAWOOD EQUITIES LIMITED

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, 2023.

FINANCIAL PERFORMANCE

During 9 month-FY23, the total revenue amounting to 51.67 million versus total revenue of PKR 88.21 million in the same period last year. 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. During the period, Administrative expenses increased by 5.26% as compared to the same period last year. The equity of your Company as at the balance sheet date is PKR 259.78 million which translates into book value per share of PKR 9.45.The summary of Financial Results is as follows:

	March 31, 2023	March 31, 2022
	Rupees	Rupees
Operating Revenue	51,676,247	88,210,609
Operating Profit	33,317,786	61,631,285
Administrative Expenses	33,374,881	31,706,329
Profit / (Loss) after tax	(16,070,393)	16,269,384
Earnings / (Loss) per share basic and diluted	(0.58)	0.59

Junaid Dada	Abdul Aziz Habib
Chairman	Chief Executive Officer
Karachi: April 27, 2023

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