Invest Capital Investment Bank: TRANSMISSION OF THE QUARTERLY REPORT AS OF SEPTEMBER 30, 2022

Directors’ report

The board of directors of Invest Capital Investment Bank Limited (the “Company”), is pleased to present the unaudited financial statements for the first quarter of the financial year 2022-23 ended 30 September 2022.

The article

During the reporting period, the Company recorded a net profit of Rs 14.38 million compared to a net profit of Rs 55.96 million for the quarter ended September 2021. Earnings per share stood at 0.050 rupees (0.196 rupees from September 2021). Gross income including other income for the period amounted to 27.56 million rupees compared to 54.08 million rupees for the corresponding period last year. The reduction is mainly due to the reduction in the collection of bad debts during the quarter. Administrative and operating expenses amounted to 7.97 million rupees against 5.13 million rupees for the comparable period. Last year.

The Company’s total assets increased by Rs 126.37 due to disbursements related to financing activities and stood at Rs 1,183.80 million as of September 30, 2022 from Rs 1,057.43 million as of September 30, 2022. June 2022. Similarly, the total liability of the Company was Rs 1,183.80 million. 698.12 million against rupees

584.43 million as of June 30, 2022. The increase in liabilities is mainly due to borrowings for the financing of new business.

A comparison of profit and loss figures for the current period and the prior period is summarized below:

Rupees in millions

Financial Highlights

September

September

30, 2022

30, 2021

Gross revenue

24.96

53.04

Other income

2.60

1.04

Administration and operating expenses

(7.97)

(5.13)

Financial charges (net of reversals)

(4.53)

(1.34)

Provision reversal / (Charge)

0.32

10.85

Profit / (loss) for the pre-tax period

15.38

58.46

Taxation – net

(1.00)

(2.50)

Profit/ (loss) for the period after tax

2:38 p.m.

55.96

Earnings per share

0.050

0.196

The management of your business remained focused on increasing the revenue of the business and during the reporting period the business disbursed Rs. ). The new financing activities (leases and loans) undertaken by the company have a negligible level of infection due to effective risk management and careful monitoring, the collection is almost 100% of the amount invoiced.

The most critical area is the collection of the non-performing portfolio of leases and loans. Management is determined to continue its efforts, energy, experience and skills in the future to improve the recovery of this portfolio.

The current political stalemate, supply chain disruptions, rising inflation and global economic decline may affect businesses, leading to an increase in non-performing loans. However, your company’s management has taken risk mitigation measures to protect the company’s interests. Your company’s management is confident that the company’s bottom line will improve in the coming periods.

Thanks

We are very grateful to the Securities and Exchange Commission of Pakistan for its guidance, to the clients for their confidence, to the lenders for their cooperation and to the shareholders for their confidence in the management of the Company. We also thank all staff for their hard work and commitment to improving the business.

For and on behalf of the Council

Karachi

Mohammad Asif

Ayesha Shehryar

October 26, 2022

Chief executive officer

President

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