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Interim Profit Loss

Interim Profit Loss

CONDENSED INTERIM PROFIT AND LOSS ACCOUNT [UN-AUDITED] 
FOR THE SIX MONTHS ENDED JUNE 30, 2009 
CURRENT  THREE MONTHS SIX MONTHS THREE MONTHS  SIX MONTHS 
PERIOD ENDED ENDED PRIOR YEAR ENDED ENDED
Note MARCH 31, JUNE 30, JUNE 30, MARCH 31, JUNE 30, JUNE 30,
2008   2009 2009 2007 2008 2008
--------------------------------------(Rupees )------------------------------------------
Mark-up/return/interest earned
#######         371,932,941         913,519,308   283,852         465,750,137         839,761,127
Mark-up/return/interest expensed
#######         345,112,289         786,714,517   308,162         338,584,622         743,241,200
Net mark-up Interest Income
#######          26,820,652         126,804,791   (24,310)         127,165,515          96,519,927
Provision against non-performing loans and advances
#######         121,450,658         282,244,468   (17,592)         265,691,853         333,174,604
Provision for diminution in the value of investments
         38,801,715          36,075,930           -              5,000,000            5,000,000
Bad debts written off directly
#######                       -                         -             -                         -              5,700,775
#######         160,252,373         318,320,398   (17,592)         270,691,853         343,875,379
Net mark-up/ interest Income after provisions
#######       (133,431,721)       (191,515,607)     (6,718)       (143,526,338)       (247,355,452)
NON MARK-UP/INTEREST INCOME
Gain on dealing in quoted securities
#######         202,445,555         249,706,052     76,102          45,018,387      6,505,560,994
Gain on dealing in mutual funds
#######          22,732,695          31,462,764         755          34,182,841          55,285,398
Income/(loss) from trading in government securities
          -                         -                         -             -                         -                 237,013
Income/(loss) from dealing in foreign currencies
          (77,766,785)           (9,544,287)           218,913,327         285,957,586
Dividend Income
#######          15,362,495          30,601,518     30,136          15,466,430          35,510,567
Other income
#######          17,585,670          28,380,807       6,249            7,206,851          21,196,600
Total non mark-up/interest Income
#######         180,359,630         330,606,854   113,242         320,787,836      6,903,748,158
NON MARK-UP/INTEREST EXPENSES
Administrative expenses
#######          51,303,132          96,015,027     31,927          22,288,939          75,831,745
Other provisions/write offs 
          -                         -                         -             -                         -                         -  
Other charges for divestment of subsidiary
          -                         -                         -             -            44,065,943          44,065,943
Total non mark-up/interest expenses
#######          51,303,132          96,015,027     31,927          66,354,882         119,897,688
#######         129,056,498         234,591,827     81,315         254,432,954      6,783,850,470
(Deficit)/surplus on revaluation on securities
#######           (7,355,650)           (7,482,641)   (62,607)       (145,509,477)       (120,496,620)
PROFIT/(LOSS) BEFORE TAXATION #######      (11,730,873)        35,593,579   11,990      (34,602,861)   6,415,998,398
Taxation  - Current #######            6,953,231            9,453,231       1,419       (645,818,399)            4,181,601
- Prior years           -                         -                         -             -                         -                         -  
- Deferred           -           (49,732,263)         (49,732,263)           -           (24,516,773)         (24,516,773)
#######         (42,779,032)         (40,279,032)       1,419       (670,335,172)         (20,335,172)
PROFIT/(LOSS) AFTER TAXATION
#######        31,048,159        75,872,611   10,571      635,732,311   6,436,333,570
Earnings Per Share - basic and diluted (Rupees)
#REF! 0.06 0.15 #REF! 1.59 16.09
The annexed notes 1 to 13 form an integral part of this condensed interim financial information.
__________________________                                         _______           ________
General Manager/Chief Executive                                     Director Deputy Chairman         Chairman
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