IGI Holdings Limited
CARE AND PROTECT
HALF YEAR REPORT
JUNE 30, 2024
Contents
- Company Information
- Directors' Report to the Shareholders on Unconsolidated Condensed Interim Financial Statements
- Unconsolidated Condensed Interim Financial Statements
19 Directors' Report to the Shareholders on Consolidated Condensed Interim Financial Statements
21 Consolidated Condensed Interim Financial Statements
37 Directors' Report to the Shareholders on Consolidated Condensed Interim Financial Statements (Urdu)
38 Directors' Report to the Shareholders on Unconsolidated Condensed Interim Financial Statements (Urdu)
IGI Holdings | Half Year Report June 2024 | Page 1 of 38 |
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
Head of Internal Audit
Mr. Feroze Polani
Audit Committee
Mr. Ali Ahsan (Chairman)
Mr. Shamim Ahmad Khan
Syed Yawar Ali
Human Resources & Remuneration Committee
Ms. Saima Amin Khawaja (Chairperson)
Mr. Shamim Ahmad Khan
Syed Shahid Ali
Syed Hyder Ali
Ms. Hadia Tariq (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.
RMA & Co.
Share Registrar
FAMCO Share Registration Services (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
IGI Holdings | Half Year Report June 2024 | Page 2 of 38 |
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, 2024 together with the unconsolidated condensed interim financial statements (un-audited).
Company performance review
---- Rupees in thousands ---
Operating revenue Profit before taxation Taxation
Profit after taxation
Earnings per share (in rupees)
Half year ended
June 30, 2024
550,000
401,619
(1,880)
399,739
2.80
Half year ended
June 30, 2023
485,000
326,928
(965)
325,963
2.29
The Company has earned operating revenue of Rs 550 million during the period against Rs 485 million and profit after tax of Rs 400 million compared to profit after tax of Rs 326 million during corresponding period of 2023.
Earnings per share for the period stood at Rs 2.80 compared to Rs 2.29 for the corresponding period of 2023.
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 26, 2024 | Lahore: August 26, 2024 |
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Unconsolidated
Condensed Interim Financial Statements for the half year ended June 30, 2024
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