42 Directors' Report to the Shareholders on Consolidated Condensed
Interim Financial Statements (Urdu)
43 Directors' Report to the Shareholders on Unconsolidated Condensed Interim Financial Statements (Urdu)
Company Information
Board of Directors
Syed Babar Ali (Chairman)
Syed Hyder Ali (Chief Executive Officer)
Mr. Shamim Ahmad Khan
Syed Yawar Ali
Syed Shahid Ali
Mr. Ali Ahsan
Ms. Saima Amin Khawaja
Chief Executive Officer
Syed Hyder Ali
Chief Financial Officer
Syed Awais Amjad
Company Secretary
Ms. Nadia Hussain
Audit Committee
Ms. Ali Ahsan (Chairman)
Mr. Shamim Ahmad Khan
Syed Yawar Ali
Ms. Nadia Hussain (Secretary)
Human Resources & Remuneration Committee
Ms. Saima Amin Khawaja (Chairperson)
Mr. Shamim Ahmad Khan
Syed Shahid Ali
Syed Hyder Ali
Ms. Nida Haider (Secretary)
Bankers
Allied Bank Limited
Bank Al Habib Limited
Bank Alfalah Limited
Faysal Bank Limited
Habib Bank Limited
MCB Bank Limited
National Bank of Pakistan
Soneri Bank Limited
Standard Chartered Bank (Pakistan) Limited
Summit Bank Limited
State Bank of Pakistan
United Bank Limited
Auditors
A.F. Ferguson & Co.
Chartered Accountants
Legal Advisors
Access World Law Company
Altaf and Altaf Advocates.
Fazleghani Advocates
Haidermota & Co.
Hassan & Hassan Advocates
Jurists & Arbitrators Advocates & Consultants
Lexicon Law Firm
Mohsin Tayebaly & Co.
Mughees Law Associates
Orr, Dignam & Co.
Share Registrar
FAMCO Associates (Pvt.) Limited 8-F, Next to Hotel Faran, Nursery, Block-6, P.E.C.H.S Shahrah-e-Faisal, Karachi.
Registered & Head Office
7th Floor, The Forum, Suite Nos.701-713,G-20, Block 9, Khayaban-e-Jami, Clifton, Karachi-75600, Pakistan www.igiholdings.com.pk
Contact
UAN: 111-308-308
Fax: 92-21-35301706
Directors' Report to the Shareholders on Unconsolidated
Condensed Interim financial statements
The Directors of your Company take pleasure in presenting report for the half year ended June 30, 2023 together with the unconsolidated condensed interim financial statements (un-audited).
Company performance review
---- Rupees in thousands ---
Half year ended
Half year ended
June 30, 2023
June 30, 2022
Operating revenue
485,000
550,790
Profit before taxation
326,928
437,276
Taxation
(965)
(3,459)
Profit after taxation
325,963
433,817
Earnings per share (in rupees)
2.29
3.04
The Company has earned operating revenue of Rs 485 million during the period against Rs 551 million and profit after tax of Rs 326 million compared to profit after tax of Rs 434 million during corresponding period of 2022. Earnings per share for the period stood at Rs 2.29 compared to Rs 3.04 for the corresponding period of 2022.
IGI Holdings is operating as a holding company, its performance would be determined by the financial performance of its subsidiaries, which in turn, would be influenced by the general economic environment and performance of the investee companies.
We value the support and patronage received from our business partners and all stakeholders.
For and on behalf of the Board
___________________
____________________
Syed Babar Ali
Syed Hyder Ali
Chairman
Chief Executive Officer
Lahore: August 23, 2023
Lahore: August 23, 2023
Unconsolidated
Condensed Interim Financial Statements for the half year ended June 30, 2023
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IGI Holdings Ltd. published this content on 29 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 August 2023 09:48:15 UTC.
IGI Holdings Limited is a Pakistan-based investment holding company. The Companyâs subsidiaries include IGI General Insurance Limited, IGI Investments (Private) Limited, IGI Life Insurance Limited, and IGI Finex Securities Limited. The Company operates through four business units: Conventional Business, Takaful Business, Life Business and Family Takaful. Its Conventional Business includes Non-Life Business, and Brokerage and Investment Business. Its Takaful Business includes five primary business segments, such as fire, marine, health, motor, and miscellaneous. Its Life Business include The Life (participating) segment, The Life (non-participating) segment, The Life (non-participating) Group segment, The Investment Linked business segment, The Accident and Health - Individual segment, The Accident and Health - Group segment and The Pension Fund segment. Its Family Takaful business includes The individual family, The Group Family, and The Group Health Takaful business segment.
IGI HOLDINGS LIMITED 
