Our Strategy moves
on...
I am delighted to update you on
the performance of Escorts Investment Bank Limited during the
Quarter July ~ September 2006.
The pleasant scent of success,
from the remarkable results of the
Financial Year - 2005 ~ o6, is still in the air; the sweet taste of
accomplishment still fresh in the mouth; yet another Quarter has
gone by, leaving behind richly deserved returns for the Team’s
sincere efforts . The pattern of growth has once again been
sustained. I feel privileged to communicate to you, the reflection of
this progress, in the Financial Highlights appended below:
Financial Highlights (As at
September
30, 2006)
| Unaudited Figures |
.........Rupees
in Million |
Sr.#
|
Description |
June 2006 |
June 2005 |
Variance
% |
| 1 |
Gross Revenues |
209 |
146 |
43 |
| 2 |
Profit Before Tax |
52 |
45 |
15 |
| 3 |
Profit After Tax |
46 |
40 |
15 |
| 4 |
Earnings Per
Share .................... . Rs. |
1.04 |
0.91 |
14 |
| 5 |
Shareholder's Equity |
806 |
760 |
6 |
| 6 |
Deposits & Borrowings |
3,882 |
3,687 |
5 |
| 7 |
Financing (including leasing) |
422 |
374 |
13 |
| 8 |
Investment & Placements |
3,426 |
3,710 |
(8) |
| 9 |
Total Assets |
4,897 |
4,876 |
1 |
| 10 |
Net Asset Value per Share..... ..
..Rs. |
18.28 |
17.24 |
6 |
| 11 |
Market Value per Share Rs. |
16.75 |
16.00 |
5 |
* Audited
figures
Other Highlights
-
Asset Quality
-
Systems Development and Automation
-
Human Resource Deployment and Capacity Building
-
Quality of Governance
-
Brand Visibility and Market’s Perception about our Bank
-
Investor Awareness Initiatives
-
Harnessing Change to drive profitability through
resource optimization
-
Lead role on crucial Sector Specific Issues
While concluding I would like
to place on record my sincere gratitude to the Board of Directors
for their guidance; to all the members of my team for their
unrelenting dedication and high level of professionalism; to our
customers for their loyalty and support and finally the State Bank
of Pakistan and the Securities & Exchange Commission of Pakistan
for their commitment to the process of Financial Sector and
Capital Markets Reforms.
I
look forward to sharing with you, many more positive reviews for
the periods to come.
With
warm regards,
Sincerely,
Rashid Mansur
President & CEO
October 30, 2006 |
