Categorie: IPO / Secondary Offering
Submitted 2 months ago by
Xpertwriter
, CEO At E-HostingJunction.com
at Spectrum Resumes , Inc
Pervez Ahmed Securities was incorporated on June 8, 2005 as a single member company and was listed on Karachi and Lahore stock exchanges on June 21, 2007. The principal activities include shares brokerage and trading, consultancy services, equity investments, corporate finance and underwriting. Recently the company has acquired 100% holding, 8.5 million shares of Pervez Ahmed Capital (Pvt) Limited.RECENT PERFORMANCE Q3, FY08 During the period under consideration, July FY07 to March FY08, the company has shown phenomenal growth in terms of profitability. The operating revenue rose by more than 17 times from Rs 20 million (Mar-07) to Rs 349 million (Mar-08), mainly contributed by net gain on sale of investments and dividend income. Interestingly, the administration expenses didn't show any proportionate increase as these rose by only 216% as compared to humongous increase in revenue. Operating profit rose from Rs 12 million to Rs 349 million.The operating expenses increased proportionately because the company increased its authorised share capital, so as the statutory fee also increased along with auditors' remuneration. The difference of fair value of a security and the carrying value, also known surplus on re-measurement of investments at fair value, has been Rs 156 million in the first three quarters under review. These revaluation gains added a major chunk to earnings after tax thus resulting in PAT of Rs 490....
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Submitted 2 months ago by
Xpertwriter
, CEO At E-HostingJunction.com
at Spectrum Resumes , Inc
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