As at 31 December;
Net Asset Value per Share (Rs.) 113.2 88.07
Financial Results at a glance;
Revenue 657,370 716,578
Other Operating Income 56,768 25,695
Profit for the period 149,308 228,789
EPS (Rs.) 5.97 9.15
1. The Company invested in 22.5 mn ordinary shares at Rs. 10.00 per share of Arpico Insurance Ltd in June 2011 (A new Insurance Company established under the "Arpico" brand) at Rs. 225 mn. As a result, Arpico Insurance Ltd is treated as an Associate Company with voting rights of 45% and is in conformity with Section 185 (1) (a) of the Companies Act No. 7 of 2007.
2. In June 2011, as per the Collective Agreement, wage rate was increased from Rs. 447.75 to Rs. 572.00 with retrospective effect from April 2011. Arrears payment from April to May 2011 was paid in August 2011. Total impact of the wage arrears and increase in gratuity provision amounting to Rs. 152 mn has been charged to Cost of Sale.
New entrant to the top20 share holders;
Mr. T. T. T. Al Nakib 363,400 1.45%
Employees Provident Fund 122,300 0.49%
Mr. A. Singh 118,800 0.48%
Not so good results but some new ppl have come in..
But when u think abt the NAV value.. the today's trading price is a huge discount