IGI : Transmission of Quarterly Report for the period ended March 31, 2023

FIRST

QUARTER

REPORT

2023

Contents

• Company Information

• Directors' Report to the Shareholders on Unconsolidated Condensed Interim Financial Statements

• Unconsolidated Condensed Interim Financial Statements

17 Directors' Report to the Shareholders on Consolidated Condensed Interim Financial Statements

1. Consolidated Condensed Interim Financial Statements

1. Shareholder's Information
2. Pattern of Shareholding

1. Directors' Report to the Shareholders on Consolidated Condensed Interim Financial Statements (Urdu)
2. Directors' Report to the Shareholders on Unconsolidated Condensed Interim Financial Statements (Urdu)

IGI Holdings | Quarterly Report March 2023

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Company Information

Board of Directors

Syed Babar Ali (Chairman)

Mr. Shamim Ahmad Khan

Syed Yawar Ali

Syed Shahid Ali

Syed Hyder Ali

Ms. Faryal Jooma

Ms. Faryal Sadiq

Mr. Tahir Masaud

Chief Executive Officer

Mr. Tahir Masaud

Chief Financial Officer

Syed Awais Amjad

Company Secretary

Ms. Nadia Hussain

Head of Internal Audit

Mr. Shahzeb Haider

Audit Committee

Ms. Faryal Jooma (Chairperson)

Mr. Shamim Ahmad Khan

Syed Yawar Ali

Syed Hyder Ali

Ms. Nadia Hussain (Secretary)

Human Resources & Remuneration Committee

Ms. Faryal Jooma (Chairperson)

Syed Yawar Ali

Syed Shahid Ali

Syed Hyder Ali

Mr. Tahir Masaud

Ms. Nadia 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: [phone]

IGI Holdings | Quarterly Report March 2023

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Directors' Report to the Shareholders on Unconsolidated Condensed Interim financial statements

The Directors of your Company take pleasure in presenting the report for the first quarter ended March 31, 2023 together with the unconsolidated condensed interim financial information (un-audited).

Company performance review

---- Rupees in thousands ---

Operating revenue Profit before taxation Taxation

Profit after taxation

Earnings per share (in rupees)

Quarter ended March 31, 2023

200,000

130,452

(265)

130,187

0.91

Quarter ended March 31, 2022

500,790

449,748

(601)

449,147

3.15

The Company has earned operating income of Rs 200 million during the period as compared to Rs 501 million during corresponding period of 2022 and profit after tax of Rs 130 million compared to profit after tax of Rs 449 million during corresponding period of 2022. Earnings per share for the period stood at Rs 0.91 compared to Rs 3.15 for 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	Tahir Masaud
Chairman	Chief Executive Officer
Karachi: April 27, 2023	Karachi: April 27, 2023

IGI Holdings | Quarterly Report March 2023

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Unconsolidated

Condensed Interim Financial Statements for the quarter ended March 31, 2023

IGI Holdings | Quarterly Report March 2023

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